Main Scenario: As long as GBPUSD stays above 1.3470, the main trend will be still upwards. Then the pair may go up to to 1.3586 price level
Target Expectation: 1.13586
Considerations Supporting The Scenario:
The U.S. dollar index was 0.2% higher at 90.494, its fourth straight session of gains. The index fell as low as 89.21 last weak, its weakest since March 2018.The appreciation of the dollar is coming at a time of not only rising yields but a risk-off period created by heightened uncertainty about political developments in the U.S.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.3470
Alternative Target Expectation: 1.3417