The pair is now moving above the bullish price channel after breaching it and retesting it once, to complete the bullish trend to the 1.2680 area, and maintain the bullish trend above the 1.2580 area, in addition to moving above the 200 average, which indicates the continuation of the rise , In case GBP/USD returns within the lower-half of the ascending channel by stabilizing below 1.2560, 1.2520 (Fibonacci 61.8% retracement of the latest downtrend) could be seen as the next support ahead of 1.2500 (psychological level).