GBP/USD is showing a clear recovery structure, with price forming higher highs and higher lows while respecting the rising trendline. The current move is approaching a marked resistance zone around 1.3570–1.3580, where price appears to be facing potential selling pressure.
The structure remains constructive while price holds above the recent higher-low area, but the resistance zone could become important for the next directional move. The highlighted liquidity area around 1.3420 also remains a key reference if price starts to retrace.
📈 Bullish Scenario — Breakout & Continuation
If GBP/USD breaks and holds above the 1.3570–1.3580 resistance zone, the bullish structure could remain supported and further upside may develop after confirmation.
A sustained breakout would indicate that buyers are maintaining control and could open the door for additional upward movement.
📉 Bearish Scenario — Rejection & Correction
However, a rejection from the resistance zone could lead to a corrective move toward lower support levels and the marked liquidity zone around 1.3420.
Traders should also monitor the rising trendline and recent higher-low structure. A failure of this bullish structure could signal the possibility of a deeper pullback.
📌 Key Levels
- 🔴 Resistance Zone: 1.3570–1.3580
- 🟢 Key Liquidity Area: 1.3420
- 📈 Rising Trendline: Important for maintaining the current bullish structure
💡 Trading Considerations
Traders may wait for clear price confirmation around the resistance zone before considering any trade. A confirmed breakout and successful retest could strengthen the bullish scenario, while a strong rejection could increase the probability of a corrective move.
⚠️ Market View
Market View: GBP/USD remains structurally bullish while price respects the rising trendline and higher-low structure. The 1.3570–1.3580 zone is the key resistance area to watch. A confirmed breakout could support further upside, while rejection may trigger a pullback toward lower support and the 1.3420 liquidity zone.
⚠️ Risk Warning: Technical analysis does not guarantee future price movements. Currency markets can experience significant volatility. Traders should use appropriate risk management and wait for confirmation before making trading decisions.
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