GBP/USD Technical Analysis: Bulls gearing up for a move towards reclaiming 1.30 handle

   •  On Friday, the pair convincingly broke through a confluence hurdle comprising of the top end of a 2-1/2 week old descending trend-channel and 50-period SMA on the 4-hourly chart.

   •  The fact that intraday dip back closer to the mentioned resistance break-points was quickly bought into reinforces the constructive set-up and support prospects for further near-term gains.

   •  Moreover, given that technical indicators on the daily chart have just started gaining positive traction and hold in the bullish territory on hourly charts add credence to the bullish outlook.

   •  Hence, the pair remains poised to extend the momentum towards reclaiming the key 1.30 psychological mark, albeit weakness below session lows would invalidate the expected move.

GBP/USD 4-hourly chart