Symmetrical triangle is still in place on the GBP/USD

The GBP/USD has been oscillating up and down around the 55 day exponential moving average, purple line, without taking a clear direction. The range on the daily chart has been narrowing, creating a symmetrical triangle pattern. From this zone, the price could head in any direction; therefore, the best thing to do is to wait for a real confirmation of the breakout, either to the upside or to the downside. The complicated thing about such trendline breakouts is that the price could pullback at any moment. In this case of the GBP/USD, to make sure that the breakout is real, if it breaks to the upside, the price has to rally above the 1.2600 level. If the breakout is to the downside, then it should break below the 1.2300 level. To the upside, the most relevant resistance is at the 1.2800 level. To the downside, any of the levels from the 1.2200 level, the 1.2100 level, or the 1.2000 level could act as support.