Daily chart: GBP/USD continues to rise and approaching the resistance level of 1.7000. If the pair manages to make a breakout at that level, GBP/USD might be making new highs this year, because this pair has not been established above that resistance level for several months. However, it is expected that GBP/USD will start making corrective movements. The MACD indicator is in positive territory.

H4 chart: GBP/USD is trying to form a bullish pattern above the support level of 1.6920 and now this pair is trying to make a breakout on the resistance level of 1.6995. If successful, it is expected to rise to the level of 1.7100, at which one bullish trend line is. The MACD indicator is entering overbought area.

H1 chart: This pair is consolidating above the point of control at the level of 1.6950 and now, GBP/USD is approaching the resistance level of 1.7000. If GBP/USD manages to make a breakout at that level, it would be expected to rise to the level of 1.7050. On the other hand, if the pair takes a pullback at the current levels, it's expected to fall to the level of 1.6950. The MACD indicator is in neutral territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.7000, take profit is at 1.7050, and stop loss is at 1.6950.