Fundamental Analysis
GBPUSD is trading in a short-term recovery structure as traders continue to watch U.S. dollar momentum, U.K. data, and central bank expectations.
After the previous bearish phase, price is now showing signs of a bullish reaction from the lower structure. If buyers can defend the retest zone, GBPUSD may continue its recovery toward the next resistance levels.
Technical Analysis
On the 1H chart, GBPUSD has broken out from the short-term descending structure and is now trading above the EMA cluster. EMA 34, EMA 89, and EMA 200 are starting to act more like support instead of resistance.
The key area on the chart is the buy zone around 1.3378 - 1.3385. This zone was previously a resistance area and may now become support if price retests it successfully.
Current price is around 1.3402, slightly above the buy zone. A controlled pullback into 1.3378 - 1.3385 followed by bullish rejection would create a cleaner buy setup.
The first upside resistance is around 1.3433. If buyers break this level, the next major target is the strong resistance zone around 1.3483 - 1.3485.
Important Key Levels
Current price area: 1.3402
Buy zone retest: 1.3378 - 1.3385
Short-term invalidation: below 1.3364
Nearest resistance: 1.3433
Strong resistance: 1.3483 - 1.3485
EMA support area: 1.3385 - 1.3400
Trading Scenario
Main Buy Scenario
Entry: 1.3378 - 1.3385
Stop Loss: 1.3364
Take Profit 1: 1.3433
Take Profit 2: 1.3483
Take Profit 3: 1.3485
Buy Condition
The preferred setup is to wait for GBPUSD to retest the 1.3378 - 1.3385 buy zone. This area is important because it aligns with the breakout retest structure and the EMA support zone.
A buy setup becomes more valid if price forms bullish rejection from this zone, such as a long lower wick, bullish engulfing candle, higher low formation, or a clean reclaim back above 1.3400.
If price holds above the buy zone and breaks 1.3433, the recovery scenario may extend toward the strong resistance zone at 1.3483 - 1.3485.
Alternative Sell Scenario
Entry: 1.3433 - 1.3483
Stop Loss: 1.3500
Take Profit 1: 1.3400
Take Profit 2: 1.3385
Take Profit 3: 1.3364
Sell Condition
This is not the main view. A sell setup should only be considered if GBPUSD reaches resistance and shows strong bearish rejection.
If price fails to break above 1.3433 or rejects from 1.3483 - 1.3485, sellers may create a short-term pullback back toward the buy zone.
Entry Conditions
Wait for price to retest 1.3378 - 1.3385.
Look for bullish confirmation before entering buy.
A hold above 1.3400 strengthens the recovery view.
If price breaks below 1.3364, the buy setup is invalid.
Watch for reaction at 1.3433 and 1.3483 - 1.3485.
Overall, the main view is that GBPUSD may continue higher if the 1.3378 - 1.3385 buy zone holds. A confirmed reaction from this area may support a move toward 1.3433 first, then 1.3483 - 1.3485.
Do you share the same bullish view on GBPUSD, or are you waiting for a cleaner retest of the buy zone first?
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.