GBPUSD: Breakout Above Reistance Signals Change of Behavior

Price broke above the the multi-pivot line (purple trendline) with a sharp impulse and it looks like it is consolidating at the moment. From this point, we may see a pullback to broken trendline where we should start watching for a buy setup completion. Another scenario would be to see price breaking above the correction it is now forming, which would be our buy opportunity. In either case, watch for a buy setup, with a potential target the median line.