GBP/USD: Bulls Consolidating – Eyes on the Breakout Retest

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GBP/USD: Bulls Consolidating – Eyes on the Breakout RetestGreat Britain Pound vs US DollarBLACKBULL:GBPUSDTradingNutComCable has successfully cleared a major resistance level, completing the first leg of its bullish cycle. We are now seeing healthy consolidation, which often precedes the next impulsive move. I am expecting a retest of the initial breakout zone to confirm new support. If that level holds, the path is clear for a push into higher timeframe targets. The trend is our friend until the HTF levels are hit.