GBPUSD TRADE IDEA

GBPUSD H4 –

Bias: 🟢 Bullish

• Price is moving inside an ascending channel after a strong rebound from the 1.3320 support zone.
• Buyers are testing the key resistance at 1.3416.
• A breakout and close above 1.3416 could push GBPUSD toward 1.3470 and 1.3530.

Buy Setup

• Entry: Above 1.3416
• Target 1: 1.3470
• Target 2: 1.3530
• Stop Loss: Below 1.3360

Bearish Risk

• Rejection from 1.3416 may lead to a pullback toward 1.3360 and 1.3320.

Conclusion: Short-term momentum remains bullish while price stays above 1.3360. A confirmed breakout above 1.3416 favors further upside. 📈