GBP/USD Bullish Continuation Analysis
The GBP/USD 4-hour chart shows a strong bullish structure with clear signs of continuation:
Break of Structure (BOS) and Change of Character (CHoCH) indicate a confirmed shift from a bearish to bullish trend.
Price previously grabbed buy-side liquidity near the 1.37300 zone before retracing.
The market has now formed a rounded retest near the 1st Support at 1.35895, which aligns with the previous demand zone and the Ichimoku cloud acting as dynamic support.
Current price action suggests a potential bounce from this support area toward the 1st Resistance at 1.37928.
The arrow projection shows a bullish movement expectation as long as price holds above 1.35895.
If the 1st Support fails, the 2nd Support at 1.33764 becomes the next key level for buyers to defend.
Outlook: Bullish continuation favored while price holds above 1.35895,
Target): 1.37928 – major resistance zone marked on the chart
You can trail stop-losses as price approaches each level to lock in profits.
The GBP/USD 4-hour chart shows a strong bullish structure with clear signs of continuation:
Break of Structure (BOS) and Change of Character (CHoCH) indicate a confirmed shift from a bearish to bullish trend.
Price previously grabbed buy-side liquidity near the 1.37300 zone before retracing.
The market has now formed a rounded retest near the 1st Support at 1.35895, which aligns with the previous demand zone and the Ichimoku cloud acting as dynamic support.
Current price action suggests a potential bounce from this support area toward the 1st Resistance at 1.37928.
The arrow projection shows a bullish movement expectation as long as price holds above 1.35895.
If the 1st Support fails, the 2nd Support at 1.33764 becomes the next key level for buyers to defend.
Outlook: Bullish continuation favored while price holds above 1.35895,
Target): 1.37928 – major resistance zone marked on the chart
You can trail stop-losses as price approaches each level to lock in profits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.