Like all major USD pairs, GBPUSD is very bullish since spring 2020. However, in contrast to many other pairs, pound managed to break and close above a major resistance cluster on a weekly.
That structure breakout indicates a highly probable long term bullish continuation. Based on that I am highly confident that this year the price will aim at 1.43-1.44 resistance. That is the next major weekly structure.
In December 2020 finally, we have a clear picture of Brexit and its aftermaths. The sense of certainty could be the main driver of a bullish wave.
Remember that on a weekly chart the price is relatively slow. So do not expect a rally in January. It may take the entire year or even more to reach the goal.
What do you think will happen with pound this year?