GBPUSD TRADE IDEA

GBPUSD H4 โ€“

Bias: ๐ŸŸข 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. ๐Ÿ“ˆ

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Hamad Jatoi
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