🌐Macro Background
The GBP/USD pair has gathered bullish momentum, climbing toward 1.3555—near three-month highs—during early European trading on Monday. The advance is driven by broader US Dollar weakness as markets reprice Federal Reserve rate expectations following softer labor indicators. Meanwhile, British Pound buyers are adopting a watchful stance ahead of crucial UK inflation data, which could reinforce or challenge current Bank of England policy expectations.
📊Technical Structure
On the 4-hour chart, GBP/USD is advancing within a well-defined ascending channel established since late July:
Resistance Zone (1.3591 – 1.3625)
Support Zone (1.3483 – 1.3516)
🎯Trade Setup
Primary Scenario (Bullish Breakout / Trend Continuation):
Entry Trigger: Decisive 4H candle close above 1.3558 (mid-July high).
Upside Target: 1.3591 – 1.3625
Alternative Scenario (Pullback / Range Re-test):
Entry Trigger: Rejection at 1.3558 followed by a retracement toward the 1.3483 – 1.3516 Support Zone.
Bounce Target: Re-entry long near 1.3500 targeting a return to 1.3555.
❌Invalidation
A breakdown below 1.3483 (lower support boundary) invalidates the ascending channel structure.
📝Trade Summary
GBP/USD trades in a bullish ascending channel near 1.3555, where a 4H close above 1.3558 opens a run toward 1.3591–1.3625, while holding above 1.3483 support keeps the broader uptrend intact.
⚠️Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
The GBP/USD pair has gathered bullish momentum, climbing toward 1.3555—near three-month highs—during early European trading on Monday. The advance is driven by broader US Dollar weakness as markets reprice Federal Reserve rate expectations following softer labor indicators. Meanwhile, British Pound buyers are adopting a watchful stance ahead of crucial UK inflation data, which could reinforce or challenge current Bank of England policy expectations.
📊Technical Structure
On the 4-hour chart, GBP/USD is advancing within a well-defined ascending channel established since late July:
Resistance Zone (1.3591 – 1.3625)
Support Zone (1.3483 – 1.3516)
🎯Trade Setup
Primary Scenario (Bullish Breakout / Trend Continuation):
Entry Trigger: Decisive 4H candle close above 1.3558 (mid-July high).
Upside Target: 1.3591 – 1.3625
Alternative Scenario (Pullback / Range Re-test):
Entry Trigger: Rejection at 1.3558 followed by a retracement toward the 1.3483 – 1.3516 Support Zone.
Bounce Target: Re-entry long near 1.3500 targeting a return to 1.3555.
❌Invalidation
A breakdown below 1.3483 (lower support boundary) invalidates the ascending channel structure.
📝Trade Summary
GBP/USD trades in a bullish ascending channel near 1.3555, where a 4H close above 1.3558 opens a run toward 1.3591–1.3625, while holding above 1.3483 support keeps the broader uptrend intact.
⚠️Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.