On Friday, the GBP/USD traded still below the 1.2700 level, which continued to provide resistance.
However, the rate had retreated down to the lower trend line of a medium scale ascending pattern, which has been guiding the pair through the last couple of months.
Due to that reason it is expected that throughout the next week the rate will continue its surge, as it is highly unlikely that fundamental Brexit events will take place during the Christian holiday week.
Meanwhile, note that Dukascopy Analytics will be off during the next week. No technical or fundamental analysis articles will be created by the team.
