GBP/USD Technical Analysis: bullish move pauses near ascending trend-channel resistance

   •  The pair has been trending higher alongside an ascending trend-channel formation on 1-hourly charts. 
   •  Short-term technical indicators maintain positive bias, suggesting a continuation of the bullish momentum.
   •  A modest USD rebound might prompt some profit-taking after the recent upsurge of over 225-pips, but dips are likely to get bought into.

GBP/USD 1-hourly chart

Spot Rate: 1.3429
Daily Low: 1.3385
Trend: Bullish

Resistance
R1: 1.3438 (upper Bollinger-band H1)
R2: 1.3475 (R2 daily pivot-point)
R3: 1.3500 (psychological mark)

Support
S1: 1.33990 (previous resistance)
S2: 1.3363 (50-period SMA H1)
S3: 1.3325 (S1 daily pivot-point)