Pullback on the Pound to the 55 day EMA

The GBPUSD is still struggling to break the 55 day EMA to the downside, it is forming what it appears to be a breakout and pullback pattern on that zone. For the pattern to be completed, the price must bounce to the upside. If the pair bounces to the upside, then the 1.2800 level may act as resistance. Above the 1.2800 level, the 1.3000 may also act as resistance. The bullish trend is still in place; therefore, there is a good probability for the GBPUSD to continue going higher. Below the 55 day EMA, its next support level could be the 1.2300 or the 1.2200 level.