In my previous analysis, I highlighted that GBPUSD was trading in a strong resistance zone and warned of a potential correction toward the sub-1.31 support area.
While we did see a brief correction, bears lacked follow-through, and the pair reversed from 1.3136, never quite reaching the expected support zone.
🚀 Break Confirmed – Bulls in Control
After bouncing from just above the support zone at 1.3136, GBPUSD began to consolidate and build pressure right under the key resistance area.
That build-up acted as a launchpad, and now we have a clean breakout, with price trading well above 1.35, currently around 1.3577.
This is a genuine breakout, following a textbook sequence: rejection above support, tight consolidation, and then a decisive push higher — all favoring continuation to the upside.
🎯 What’s Next?
The next obvious target is the psychological level at 1.40, which aligns with previous key levels and the overall momentum.
📊 Trading Plan:
The strategy remains simple: buying dips is preferred.
The 1.3450 area is an ideal zone to look for long opportunities, especially if the breakout is retested and confirmed as support.
📌 Don’t chase — let the market pull back, then follow the strength. Momentum is clearly with the bulls. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
While we did see a brief correction, bears lacked follow-through, and the pair reversed from 1.3136, never quite reaching the expected support zone.
🚀 Break Confirmed – Bulls in Control
After bouncing from just above the support zone at 1.3136, GBPUSD began to consolidate and build pressure right under the key resistance area.
That build-up acted as a launchpad, and now we have a clean breakout, with price trading well above 1.35, currently around 1.3577.
This is a genuine breakout, following a textbook sequence: rejection above support, tight consolidation, and then a decisive push higher — all favoring continuation to the upside.
🎯 What’s Next?
The next obvious target is the psychological level at 1.40, which aligns with previous key levels and the overall momentum.
📊 Trading Plan:
The strategy remains simple: buying dips is preferred.
The 1.3450 area is an ideal zone to look for long opportunities, especially if the breakout is retested and confirmed as support.
📌 Don’t chase — let the market pull back, then follow the strength. Momentum is clearly with the bulls. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.