GBPUSD: upside potential still there?

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Dear readers, in this week's trading session, the price is still trading sideways at 1.223 - 1.218 within a stable range on the 2-hour timeframe. Therefore, it is highly likely that the price will rebound in the long term, as the preliminary domestic gross product from the United Kingdom, which was released on Friday, is better than expected, along with the weaker US Dollar.

At the time of writing, the price is trading at 1.222 with an expected increase to 1.231 after breaking out of the sideway channel. What are your thoughts on this matter?

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