GBPUSD TRADE IDEA

strong bullish recovery after the sharp selloff toward the 1.3310 zone. Price has formed an ascending structure with higher lows, and buyers are now testing a key resistance area around 1.3490–1.3505.

The current breakout attempt above the consolidation range suggests bullish momentum is increasing. If buyers maintain control above 1.3500, the next upside targets are:

• 1.3545
• 1.3590
• 1.3630

The drawn projection on the chart also supports a continuation toward the upper resistance zone near 1.3600+.

Immediate support levels:

• 1.3450
• 1.3435
• 1.3400

A rejection below 1.3450 could trigger another pullback toward the lower demand area before continuation.

Market structure remains short-term bullish while price holds above the rising trendline and breakout zone. Momentum traders may look for buy opportunities on dips rather than chasing late entries. (roboforex.com)