GBP/USD has been trading in a rising channel throughout most of 2017. The daily chart shows how GBP/USD stalled after a bearish trend in 2016. After a few months of sideways consolidation above 1.20, price finally broke higher and has tagged 1.36 by mid-September. GBP/USD Daily Chart(click to enlarge)Rising Channel Holding:- In September, price retreated from 1.36. - On October so far, price found support above the rising channel support as well, 1.30, and the 100-day simple moving average, which is above the 200-day SMA.- This price action in this context is essentially signaling bullish continuation.- Now, there is a pivot at 1.3342 that the market reacted to at the end of last week. - But, I think as long as price holds above 1.31 this coming week, the upside is at least back to 1.35, with upside towards the 1.38 area, which will be near a previous support pivot.