$GBPUSD has been bearish in 2018 but appears to have shifted from the bearish trend into a more sideways one since late 2018. GBP/USD Daily Chart(click to enlarge)Extending the Bullish Breakout :- We saw a bullish breakout from a falling trendline and the 200-day simple moving average in January. - The rally also pulled the RSI back to 70, which shows failure to maintain bearish momentum.- After the small breakout, there was a pullback. The pullback found support around 1.28.- Meanwhile, the RSI held above 40. These are signs that the trend has shifted.- Since then, we have seen a higher high and higher low.At the crossroad.- There is resistance around 1.34. I think there could be a stronger pullback from here.- However, if price can hold above 1.30, we might even have a bullish trend developing. The mode would be neutral-bullish.- 1.28 might offer a final line of defense for the bullish scenario. But a break below that suggest the overall mode is neutral-bearish.- In the bullish scenario, we can anticipate upside to 1.40, and up to the 1.4375 high from 2018.- A break below 1.28 on the other hand suggests pressure remains on the 1.24-1.25 lows from 2018 and early 2019.