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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Join & get forex live updates ;
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Join my telegram Channel ;
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t.me/addlist/HQkSG2wvcytjYmJk
Join my telegram Channel ;
t.me/+QKMJZUgwoXtlNDA0
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.