GBP/USD is likely on a bullish path towards 1.35. It has shifted from a bearish trend to a sideways one, and has recently been building up bullish price action.GBP/USD Daily Chart(click to enlarge)Bullish Buildup:- On the daily chart, we can see that since October 2016, GBP/USD shifted away from the bearish trend.- After many months of sideways action, GBP/SUD broke above the consolidation range resistance in May.- After consolidating again mostly under 1.30, price was able to hold above 1.26 and push higher.- The fact that price pivoted off 1.26 was significant.- It showed that the market respected the previous consolidation range as support.- Furthermore, price bounced off the 200- and 100-day simple moving averages (SMAs) after crossing up from under them. This is call the bullish sling-shot signal. Target:- With all this bullish buildup, it should not be surprising if price pushes towards the next key resistance around 1.35- If price pulls back, I suspect that this time, the 1.28 area, even the 1.30 area will start becoming support. In fact, if these levels do become support, it would be more evidence of a bullish market .