Market Structure
GBPUSD is currently in a short-term bullish market structure following a strong recovery from the previous downtrend.
Although the pair is experiencing a pullback, the sequence of higher highs and higher lows remains intact. Unless price breaks below the recent swing support, buyers continue to hold the short-term advantage.
Key Resistance Zone
First resistance: 1.3490–1.3520
This is the nearest resistance zone after the recent pullback. Buyers need to reclaim this area to regain upside momentum.
Second resistance: 1.3540–1.3570
This marks the recent swing high and represents the next key breakout level. A move above this zone would strengthen the bullish outlook.
Major resistance: 1.3620–1.3650
This is a broader resistance area from previous price reactions. A sustained break above this region would confirm a stronger medium-term recovery.
Key Support Zone
First support: 1.3430–1.3450
This is the nearest short-term support and the first area buyers are expected to defend.
Second support: 1.3380–1.3400
If the price falls below the first support, this zone becomes the next important demand area.
Major support: 1.3300–1.3330
This represents the base of the recent recovery. Losing this area would weaken the current bullish structure.
Market Sentiment
Market sentiment remains cautiously bullish.
The recent pullback appears to be corrective rather than a trend reversal. Buyers continue to hold the short-term advantage as long as key support remains intact.
Above 1.3520, bullish momentum may strengthen further.
Below 1.3430, bearish pressure may begin to increase.
Please share your view below:
Will GBPUSD defend support and continue toward new highs? Or will sellers regain control and push the price back toward 1.3400?
More market structure and key level updates will be shared regularly.
GBPUSD is currently in a short-term bullish market structure following a strong recovery from the previous downtrend.
Although the pair is experiencing a pullback, the sequence of higher highs and higher lows remains intact. Unless price breaks below the recent swing support, buyers continue to hold the short-term advantage.
Key Resistance Zone
First resistance: 1.3490–1.3520
This is the nearest resistance zone after the recent pullback. Buyers need to reclaim this area to regain upside momentum.
Second resistance: 1.3540–1.3570
This marks the recent swing high and represents the next key breakout level. A move above this zone would strengthen the bullish outlook.
Major resistance: 1.3620–1.3650
This is a broader resistance area from previous price reactions. A sustained break above this region would confirm a stronger medium-term recovery.
Key Support Zone
First support: 1.3430–1.3450
This is the nearest short-term support and the first area buyers are expected to defend.
Second support: 1.3380–1.3400
If the price falls below the first support, this zone becomes the next important demand area.
Major support: 1.3300–1.3330
This represents the base of the recent recovery. Losing this area would weaken the current bullish structure.
Market Sentiment
Market sentiment remains cautiously bullish.
The recent pullback appears to be corrective rather than a trend reversal. Buyers continue to hold the short-term advantage as long as key support remains intact.
Above 1.3520, bullish momentum may strengthen further.
Below 1.3430, bearish pressure may begin to increase.
Please share your view below:
Will GBPUSD defend support and continue toward new highs? Or will sellers regain control and push the price back toward 1.3400?
More market structure and key level updates will be shared regularly.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.