GBPUSD H1 Analysis
GBPUSD is showing a potential bullish recovery after respecting a key demand zone. Price is forming a rounded bottom structure and holding above short-term support, suggesting buyers are regaining control.
📈 Bullish Scenario: A breakout above the current resistance zone could trigger momentum toward 1.3460 – 1.3480.
📉 Bearish Scenario: Failure to hold above 1.3400 may lead to another retest of lower support levels.
Bias: Bullish while price remains above support. Watch for confirmation through a strong breakout candle.
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