Market Structure
The 4-hour trend remains bullish. Price continues to establish higher highs and higher lows, confirming that buyers remain in control after the recent recovery.
Key Resistance
First Resistance: 1.3570–1.3590
This is the immediate resistance zone where recent buying momentum may begin to slow.
Second Resistance: 1.3620–1.3650
A confirmed breakout above the first resistance could open the way for another leg higher toward this area.
Key Support
First Support: 1.3520–1.3535
The recent breakout area now serves as the first support. Holding above this zone would keep the current bullish structure intact.
Second Support: 1.3470–1.3490
If the first support fails, this area could become the next demand zone where buyers may attempt another rebound.
Market Sentiment
Market sentiment remains bullish.
The ongoing sequence of higher highs and higher lows suggests buyers continue to dominate. Although short-term consolidation is possible near resistance, the broader trend remains positive as long as price stays above key support.
Please share your view below:
Will GBPUSD break above resistance and continue its rally? Or will sellers trigger a short-term pullback first?
More market structure and key level updates will be shared regularly.
The 4-hour trend remains bullish. Price continues to establish higher highs and higher lows, confirming that buyers remain in control after the recent recovery.
Key Resistance
First Resistance: 1.3570–1.3590
This is the immediate resistance zone where recent buying momentum may begin to slow.
Second Resistance: 1.3620–1.3650
A confirmed breakout above the first resistance could open the way for another leg higher toward this area.
Key Support
First Support: 1.3520–1.3535
The recent breakout area now serves as the first support. Holding above this zone would keep the current bullish structure intact.
Second Support: 1.3470–1.3490
If the first support fails, this area could become the next demand zone where buyers may attempt another rebound.
Market Sentiment
Market sentiment remains bullish.
The ongoing sequence of higher highs and higher lows suggests buyers continue to dominate. Although short-term consolidation is possible near resistance, the broader trend remains positive as long as price stays above key support.
Please share your view below:
Will GBPUSD break above resistance and continue its rally? Or will sellers trigger a short-term pullback first?
More market structure and key level updates will be shared regularly.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.