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Zuldru

GBPUSD: will the bulls win since the USD is weakening?

British Pound / U.S. Dollar (OANDA:GBPUSD)  
Zuldru  
OANDA:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
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Fundamentals indicate that the USD is weakened by the Federal Reserve and that the GBP has been outperforming. Technicals show that if 1.6 is respected as a support then price will rise to atleast 1.2750 (if it breaks then will continue to 1.3000). However, if it breaks 1.6 and retests (preferably twice) then we'll have a sell opportunity. I'm not confident about the TPs for the sell.
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