GBPUSD H1 ANALYSIS

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.