GBP/USD Outlook - Momentum Favors the Upside

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GBP/USD Outlook - Momentum Favors the UpsideBritish Pound Sterling / United States DollarCMCMARKETS:GBPUSDBluetonaFXHi everyone, As anticipated, GBP/USD broke above the 1.35300 level last week and successfully consolidated it as support. Our outlook for the week ahead remains bullish, with expectations for a continued push higher toward the 1.36850 resistance area. A decisive break above 1.36850 would bring the next key upside targets into focus, in particular the 1.37890 level. The impulsive rally from the 1st August low continues to underpin our bullish outlook on GBP/USD. We’ll be monitoring price action closely to see how this structure develops in the sessions ahead. The longer-term outlook remains bullish, with expectations for the rally to continue extending from the 1.20991 January low toward 1.40000 and 1.41700. We’ll keep you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes, boosts, comments, and follows — we really appreciate the support! All the best for the week ahead. Trade safe, BluetonaFX