We can check what price action will do when touch the channel zone. If it will print the bearish signal then we will know market will go to test the support zone (Bearish) If the market breakout at the channel zone then we should consider the Bullish rally with respect to channel shape.
From my 1 Day chart simple analysis i see the bullish rally to this pair before the next week fundamental news from both UK and US
- First target 1.4315 which is about 93 #Pips
- Second target 1.4400 which is about 178 #Pips
Since on 7th March we don't expect any significant news from UK which can move this pair, we will pay attention to some few average news...