GBPUSD is showing a clear change in structure. After spending weeks under a descending trendline, buyers have finally forced a strong breakout, suggesting that the previous bearish cycle is losing control.
The important area now is 1.3255–1.3287. Rather than seeing a pullback toward this zone as immediate weakness, I see it as a potential opportunity for the market to confirm new demand. Holding above this support would strengthen the idea that the breakout is genuine and that buyers are gradually taking control.
I prefer BUY opportunities while 1.3255–1.3287 remains protected. Price may consolidate before expanding higher, but as long as this support holds, the broader recovery remains intact.
The next major objective is 1.3450. A move into this area would confirm that GBPUSD is no longer simply bouncing from the lows, but potentially transitioning into a stronger bullish phase.
My view: BUY the pullback above 1.3255–1.3287, targeting 1.3450.
The important area now is 1.3255–1.3287. Rather than seeing a pullback toward this zone as immediate weakness, I see it as a potential opportunity for the market to confirm new demand. Holding above this support would strengthen the idea that the breakout is genuine and that buyers are gradually taking control.
I prefer BUY opportunities while 1.3255–1.3287 remains protected. Price may consolidate before expanding higher, but as long as this support holds, the broader recovery remains intact.
The next major objective is 1.3450. A move into this area would confirm that GBPUSD is no longer simply bouncing from the lows, but potentially transitioning into a stronger bullish phase.
My view: BUY the pullback above 1.3255–1.3287, targeting 1.3450.
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LEVEL UP YOUR TRADING
👉 t.me/+-HowPr1J4k03NGY1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉 t.me/+-HowPr1J4k03NGY1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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.