Cable has already broken out from the consolidation area (Maroon Rectangle). Now, this pair is moving towards the 1.3395 level as its first target and the 1.3514 level as its second target. Although there is a possibility that the pair might retrace to 1.3300. However, as long as the bullish momentum is strong, both of those level can be broken.If the pair does not hit these targets until tomorrow Sept 02, 2020 then GBP/USD will reverse downwards.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com
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