GBP/USD - Support Intact, Bulls Targeting Fresh HighsHi everyone,
As highlighted in our previous idea, we were looking for a pullback into the 1.34400–1.34750 support zone before a renewed push higher toward the 1.36850 resistance level. While the Cable managed to hold support, it lacked the momentum to break above the 1.35300 level.
Looking ahead, we anticipate a renewed attempt this week, with price likely targeting the 1.36850 resistance area. However, a deeper pullback toward 1.33800 before appreciation remains a scenario firmly on our radar.
A decisive break above 1.36850 would bring the next key upside targets into focus. The impulsive rally from the 1st August low continues to underpin our bullish outlook on GBP/USD.
We’ll be monitoring price action closely to see how this structure develops in the sessions ahead.
The longer-term outlook remains bullish, with expectations for the rally to continue extending from the 1.20991 January low toward 1.40000 and 1.41700.
We’ll keep you updated throughout the week with how we’re managing our active ideas.
Thanks again for all the likes, boosts, comments, and follows — we really appreciate the support!
All the best for the week ahead.
Trade safe,
BluetonaFX
