GBPUSD Breakout Watch: Can Buyers Clear 1.3580 for Good?GBP/USDOANDA:GBPUSDDaily-Price-ActionGBPUSD started the week with a push above 1.3580. Buyers showed up on Monday, but we still don’t have confirmation. The key is a daily close. Without it, this move could fade just like the last few attempts. If bulls can hold above 1.3580, the next level I’m watching is 1.3618. That poor high from Friday is unfinished business, and markets usually don’t leave those behind for long. Support is now 1.3540. It was resistance last week, and it’s the line in the sand moving forward. A sustained close back below that level would flip the script and likely send GBPUSD toward the poor lows sitting further down the chart. If buyers do confirm this breakout, the July imbalances near 1.3700 are still there as upside targets. That’s the clean path if momentum sticks. On the dollar side, the DXY closed last week under 97.70. That puts pressure on 96.60/70 — a set of poor lows that haven’t been cleaned up yet. As long as the DXY is below 97.70, that downside bias is intact, which lines up with the potential GBPUSD breakout. It’s also a big week for event risk: UK jobs and inflation data, the Bank of England decision, and the Fed meeting on Wednesday. Volatility is on deck. I’ll keep sharing these setups here on TradingView as the week unfolds. If you find this helpful, hit the follow button so you don’t miss the next update.