GBP/USD Nears Breakout Level

On the 30 minute GBP/USD timeframe a Continuation Rising Wedge has formed as the uptrend has continued through the 1.6700 level.  If prices can find more buying support the momentum could push the GBP/USD through the resistance of the green upward trend line.  However, keep in mind that the Initial Trend reading (T) is low enough to indicate a possible stall as prices trade between the 1.6700 and 1.6720 levels.