For last two weeks pair has been trading sideways, making new highs and new lows every now and then. Not really an expanding triangle either, more like an ascending triangle. The last push up was caused by news release, but price didn't manage to go higher, instead it dropped taking out stops that were placed by buyers below this huge bullish candle.

The overall trend for GBP/USD is definitely bullish. It also trades above SMA 200 on H4 and daily charts.
I took a long position on Friday, hopefully there is nothing crazy going on over the weekend!

I have SL @ 1.7030. Looking to target 1.7250. However I will tighten SL as soon as there is sufficient move up just to protect profit in case there is something unexpected.

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