GBPUSD continues its impressive rally, tapping into the upper boundary of a clean ascending channel across the 1D and 4H timeframes.
🔹 Daily:
Structure remains bullish with price pressing into long-term channel resistance near 1.3765. This is a key inflection point — bulls may need fresh momentum to break above.
🔹 4H:
Sharp impulsive move has stretched to the upside channel line. RSI likely overextended. Look for signs of exhaustion or bearish divergence here.
🔹 1H / 23m:
Lower timeframes show aggressive bullish control, but price is stalling near the highs. If we break structure or reject this zone, we could see a correction toward 1.3660 or deeper.
📉 If rejection occurs here, short opportunities may present toward mid-range or trendline support.
📈 If we break and close above 1.3780 with volume, continuation toward 1.3850 becomes likely.
💡Key Levels:
• Resistance: 1.3780, 1.3850
• Support: 1.3660, 1.3600
🔹 Daily:
Structure remains bullish with price pressing into long-term channel resistance near 1.3765. This is a key inflection point — bulls may need fresh momentum to break above.
🔹 4H:
Sharp impulsive move has stretched to the upside channel line. RSI likely overextended. Look for signs of exhaustion or bearish divergence here.
🔹 1H / 23m:
Lower timeframes show aggressive bullish control, but price is stalling near the highs. If we break structure or reject this zone, we could see a correction toward 1.3660 or deeper.
📉 If rejection occurs here, short opportunities may present toward mid-range or trendline support.
📈 If we break and close above 1.3780 with volume, continuation toward 1.3850 becomes likely.
💡Key Levels:
• Resistance: 1.3780, 1.3850
• Support: 1.3660, 1.3600
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.
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.