The pound-dollar pair rose during Tuesday's trading for the third day in a row, with moderately strong data from the British economy.

On the other side of the US economy, we have some important data this week.contrary to the statements of the Fed members Daily, we are waiting today for the CB Consumer Confidence Index, then we are waiting this week for the GDP , and finally the PCE Personal Consumption Expenditures index, which is the Fed's preferred indicator for measuring inflation.

Technically: the pair is trading inside an ascending price channel on the daily frame, where the pair is trying to reach the upper limit of the price channel, which corresponds to the descending trend line on the daily frame, at which point the pair may complete the harmonic BAT pattern.

We expect that the pair will start to decline if the levels of 1.2810/20 are reached to target the lower boundary levels of the price channel at 1.2650, which by breaking it down and closing below 1.2635 may open the way for further pullbacks towards the levels of 1.2500 and then 1.2350. The bearish scenario fails if the 1.2900 levels break higher.

The selling opportunity was included in the weekly analysis video to watch the video from here