GBP/USD, Technical Analysis – H1

Bulls maintain control and preserve the overall bullish structure after defending support at the local trendline zone (1.3235). The market appears poised for a strong upward impulse toward 1.3300.

Key Levels:

□ 1.3230–1.3235

□ 1.3300

Primary Scenario:

Consolidation ahead of a move toward 1.3300.

Alternative Scenario:

Impulsive move to 1.3300.

Analyst Commentary:

We do not rule out a retest of the 1.3230–1.3235 support zone before the next upward move.