The British Pound is trading just below confluent resistance with the weekly & monthly opening-ranges taking shape just below. The October uptrend is now in question with the immediate focus on a possible breakout in the days ahead. These are the updated targets and invalidation levels that matter on the GBP/USD short-term technical charts. Technical Outlook: In last month’s British Pound Short-term Outlook we noted that GBP/USD was testing uptrend resistance and that, “losses should be limited by the 1.2446 on pullbacks IF price is heading higher with a close above 1.2720 needed to fuel the next leg higher in ... (full story)