Market Structure
The 4-hour trend is bullish. Price has recovered from the previous correction and is forming a sequence of higher highs and higher lows, indicating that the short-term uptrend remains intact.
Key Resistance
First Resistance: 1.3500–1.3530
This is the recent swing high, and the first barrier buyers need to overcome.
Second Resistance: 1.3580–1.3620
A successful breakout above 1.3530 could expose this next upside target.
Key Support
First Support: 1.3440–1.3450
This is the nearest support maintaining the current bullish structure.
Second Support: 1.3380–1.3400
A break below the first support could trigger a deeper pullback toward this previous demand zone.
Market Sentiment
Market sentiment remains moderately bullish.
The recent recovery has improved buying confidence, while the current consolidation below resistance suggests accumulation rather than distribution. As long as key support remains intact, buyers continue to have the advantage.
Please share your view below:
Do you expect GBPUSD to break above 1.3530 and continue its bullish trend? Or will resistance trigger another corrective pullback?
More market structure and key level updates will be shared regularly.
The 4-hour trend is bullish. Price has recovered from the previous correction and is forming a sequence of higher highs and higher lows, indicating that the short-term uptrend remains intact.
Key Resistance
First Resistance: 1.3500–1.3530
This is the recent swing high, and the first barrier buyers need to overcome.
Second Resistance: 1.3580–1.3620
A successful breakout above 1.3530 could expose this next upside target.
Key Support
First Support: 1.3440–1.3450
This is the nearest support maintaining the current bullish structure.
Second Support: 1.3380–1.3400
A break below the first support could trigger a deeper pullback toward this previous demand zone.
Market Sentiment
Market sentiment remains moderately bullish.
The recent recovery has improved buying confidence, while the current consolidation below resistance suggests accumulation rather than distribution. As long as key support remains intact, buyers continue to have the advantage.
Please share your view below:
Do you expect GBPUSD to break above 1.3530 and continue its bullish trend? Or will resistance trigger another corrective pullback?
More market structure and key level updates will be shared regularly.
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