GBP/USD Rallied

I admit that I expected GBP/USD to bounce off the resistance at 1.5310 but the pair defied my expectations, broke above the resistance and spent the whole day rallying and breaking above every resistance level on its way with ease. I would not be surprised if the rally continues next week until the GBP/USD reaches the previous high at 1.5508. Should the pair manage to break above that resistance level and form a new high I think can safely conclude that the bearish trend has ended for now and a reversal has been confirmed.