Slow and steady rise to 1.30 after breakdown - read notes.

Slow and steady rise provided we close above channel level 1.2755. Looks like will continue to slowly rise all the way to 1.30 before big breakdown.
Assumptions here are that BOE has to cut rates next meeting given inflation almost near 2% and unemployment still increasing - economy struggling to garner support though retail sales will be boosted with Black Friday and the holiday season spend.
However, the rise will only be limited till the Fed December meeting and should they pause on a further cut; GBP will revert back to bearish. Should the Fed cut interest rates as well, we may see GBP sustain over 1.30.

Short timeframe long GBPUSD - longer timeframe very undecided and risky so please trade with tighter stop losses.

All the best everyone!