A volume signal is currently forming on GBP/USD. At the moment, it looks like a potential buy setup. This is the scenario I'm watching.

The first resistance is the middle of the daily channel, around 1.3475.

If buyers stay in control, the next resistance is near 1.3500.

Let's see how price reacts once it reaches these levels.

Tools that I use on my chart can be found on my TradingView profile:
• Volume Spike Levels
• Magic Diagonals