GBPUSD is currently showing a short-term recovery structure after the recent bearish move. Price has reacted from the lower support/demand area around 1.3340–1.3350, where buyers stepped in and helped push the pair higher.
The chart is now testing the 1.3360–1.3370 area, which is an important short-term decision zone. A sustained hold above the bullish trend line and support could allow buyers to regain momentum and continue the recovery toward the nearby resistance levels.
📈 BULLISH SCENARIO — RECOVERY & CONTINUATION
If GBPUSD continues to hold above 1.3350–1.3355 and buyers regain control, a clean break above 1.3370 could strengthen the bullish setup and open the way toward:
TP1: 1.3390
TP2: 1.3405
A sustained breakout above 1.3380 would provide stronger confirmation for a move toward the 1.3390–1.3405 resistance area.
KEY SUPPORT / INVALIDATION
The 1.3350–1.3355 support zone is the key area to watch. If price breaks below this zone and sellers regain control, the short-term bullish recovery could weaken a deeper move toward the 1.3335–1.3340 demand zone may then become possible. A strong breakdown below the demand area would invalidate the current recovery structure.
📊 MARKET VIEW
GBPUSD remains at an important technical decision point. The bullish trend line, support zone and recent higher-low structure are supporting the recovery, while 1.3370–1.3380 remains the key resistance area for buyers, the main confirmation is a sustained breakout and hold above resistance. Until then, price may continue consolidating between support and resistance.
your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
The chart is now testing the 1.3360–1.3370 area, which is an important short-term decision zone. A sustained hold above the bullish trend line and support could allow buyers to regain momentum and continue the recovery toward the nearby resistance levels.
📈 BULLISH SCENARIO — RECOVERY & CONTINUATION
If GBPUSD continues to hold above 1.3350–1.3355 and buyers regain control, a clean break above 1.3370 could strengthen the bullish setup and open the way toward:
TP1: 1.3390
TP2: 1.3405
A sustained breakout above 1.3380 would provide stronger confirmation for a move toward the 1.3390–1.3405 resistance area.
KEY SUPPORT / INVALIDATION
The 1.3350–1.3355 support zone is the key area to watch. If price breaks below this zone and sellers regain control, the short-term bullish recovery could weaken a deeper move toward the 1.3335–1.3340 demand zone may then become possible. A strong breakdown below the demand area would invalidate the current recovery structure.
📊 MARKET VIEW
GBPUSD remains at an important technical decision point. The bullish trend line, support zone and recent higher-low structure are supporting the recovery, while 1.3370–1.3380 remains the key resistance area for buyers, the main confirmation is a sustained breakout and hold above resistance. Until then, price may continue consolidating between support and resistance.
your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.