GBPUSD Channel

GBPUSD is currently at highs of the day and is also pushing thru the small ascending channel. On a bigger picture, price is still moving in a wide descending channel. 

Price has been contained in the small channel for the time being, but a move higher on EURUSD is pushing this pair higher as well. The range for today is still small,a mere 50 pips. So a move higher/lower can be expected. Currently 100MA & 200MA are providing resistance.