GBP/USD — Can Buyers Extend the Rally?

🚀GBP/USD has rallied strongly and is now testing a significant resistance zone after breaking out of its recent consolidation range. The sharp bullish impulse shows strong buying interest, but the current area is likely to be the market's next decision point.

🏆Previously:

📈 Bullish scenario

If buyers manage to hold above the breakout and clear the current resistance zone, the next upside objective comes into focus. A confirmed breakout would reinforce the bullish trend and could attract additional momentum buyers.

📉 Bearish scenario

Failure to break above resistance could trigger a short-term pullback as traders lock in profits. In that case, the previous breakout area becomes the first key support, while deeper demand zones remain important if selling pressure increases.

For now, the structure remains bullish, but price is sitting at a critical resistance level. The reaction here will likely determine whether the rally continues or pauses before the next move.

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