GBP/USD Tests Upper Channel Boundary at 1.2650 Mark

The GBP/USD pair has shown little change, trading around 1.2680 in the Asian hours. Following recent gains, traders may see signs of upward momentum. Analysis suggests the pair is approaching the upper boundary of the descending channel pattern, coinciding with the nine- and 14-day Exponential Moving Averages.

A potential breakout above this resistance level could signal a bullish trend. Traders should stay vigilant for significant price movements as the market adjusts.