GBPUSD 4H – Trendline Break Retest, Bullish Reversal in PlayBritish Pound/US DollarFX:GBPUSDFrankAgboGBPUSD is approaching a critical technical point after respecting a long-term descending trendline. Price is now attempting to reclaim structure, setting up a potential bullish continuation. 🔍 **Market Structure:** • Clear **downtrend** since mid-February (lower highs & lower lows) • Price recently formed a **short-term bottom** around 1.3210 • Current move shows **bullish momentum building** • Price is testing the **descending trendline resistance** 📊 **Key Level: 1.3500** This level acts as a strong horizontal resistance and aligns with previous structure. --- 🚀 **Bullish Scenario (Primary Bias):** If price successfully breaks and holds above the descending trendline: ➡️ Upside targets: • **1.3450** (intermediate resistance) • **1.3500** (major liquidity zone) A clean break above 1.3500 could trigger a stronger bullish expansion. --- 📉 **Bearish Scenario (Alternative):** If price fails to break the trendline and gets rejected: ➡️ Downside targets: • **1.3300** • **1.3260 – 1.3210** (recent lows) This would confirm continuation of the broader downtrend. --- 💡 **Trade Setup Idea:** • Entry: Break & retest of the trendline • Stop Loss: Below recent swing low (~1.3260) • Take Profit: 1.3450 → 1.3500 Risk-to-reward looks favorable if breakout confirms. --- 📌 **Confluence Factors:** • Descending trendline resistance • Horizontal resistance at 1.3500 • Momentum shift from recent lows • Potential liquidity grab before expansion GBPUSD is at a decision zone. A confirmed breakout above the trendline could shift short-term bias to bullish, while rejection keeps sellers in control.