GBPUSD Long bias into the Christmas Break
Price break its structural lower high to create a new HH, with strong bullish momentum from the 1.25 round number key level. For an uptrend to form, price will have to create a new higher low for continuation of bullish momentum. A strong key level is needed to grab enough buy orders for a move towards a new higher high. I wouldn't expect too much movement over the Christmas period, but I'd be looking for continuation into the new year and January.