The GBP/USD is currently on an uptrend, as highlighted on the chart we can see higher highs and higher lows since March. Having bought up to the resistance at 1.29934 we saw a slight retracement. This suggest that it's building a bullish momentum having rejected lower levels, with the potential to break through the resistance at 1.29934 and rise to 1.34545 where we see another key area of resistance