GBPUSD TRADE IDEA

GBP/USD is showing a short-term bullish recovery after rejecting the 1.3300 support zone. Price formed a bullish ascending triangle/wedge structure and is currently attempting a breakout above the 1.3430 resistance area.

• Bullish Scenario:
  A confirmed H4 close above 1.3430–1.3450 could push price toward 1.3510 and potentially 1.3580 resistance levels. Momentum is improving after the sharp bearish correction, and buyers are defending higher lows.
• Bearish Scenario:
  If price fails to hold above 1.3400 and breaks below the rising trendline, GBP/USD may revisit 1.3360 and 1.3300 support again.
• Key Resistance: 1.3430 → 1.3510 → 1.3580
• Key Support: 1.3360 → 1.3300

Current structure favors cautious bullish continuation while price remains above the ascending support trendline.