British Pound / U.S. Dollar
Long
Updated

GBPUSD Back on Track – Watch for Momentum and Clues Ahead

185
GBPUSD is still steadily rising within its ascending wedge, beautifully respecting the structure as we are now seeing the first signs of renewed bullish interest, right after we received a solid rejection from the support zone.

At the moment, I am monitoring this recovery with a target near 1.3700, somewhere around the upper boundary of the ascending wedge. If this bullish move continues with strong volume and momentum, I will lock in on that trend and plan my entry accordingly. Patience is key—first, I always wait for the price to prove its worth before getting involved.

This could be a beautiful continuation...
Or just another fake-out before a deeper decline.
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