GBP / USD on yesterday's trading session, May 17, 2018, has increased even slightly. The increase comes from the opening level of 1.3486, to the closing level of 1.3543. Most likely, starting from the current levels, GBP / USD will gather strength to try to rise, at least up to the level of 1.3700's.
From the chart above H4, it can be seen that the current GBP / USD has started to gather strength to rise with consolidation at the level of demand 1.3526.
Then a little resistance from this level indicates that the demand has a pretty good response. If carefully observed, the GBP / USD has now made a very neat higher low, and is likely to form an upside base.
If the price can break the Upper Trendline, MA, and EMA, then we can do a buy entry at the moment the retracement occurs, with the stop loss below the 1.3453 level.