GBPUSD Bullish on Daily Chart

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GBPUSD Bullish on Daily Chart GBP/USDOANDA:GBPUSDNato_FinancialsMarket Structure & Trend Alignment The chart shows a textbook V-shaped recovery transitioning into a sustained bullish trend. The price formed a significant low in early November (dipping toward the 1.3000 handle) before reclaiming the moving average cluster. The price is trading above the short, medium, and long-term EMAs, which are now sloping upward in parallel. This confirms that the path of least resistance is higher. The Entry Logic: Entering at the current market price (~1.3472) follows a shallow consolidation. You aren't chasing a vertical spike; you are buying the "pause" before the next leg up. (Strong Buy/Long Bias)Why not an A+? The only minor concern is the "Holiday Thinness." Today is January 1st. Markets are often low-liquidity and prone to "stop hunts" or erratic gaps during the first week of Jan. Additionally, the Bank of England is keeping rates at 3.75% (as of Dec 2025), and the market is watching for the Feb 5th decision. If the BoE sounds more "dovish" than expected, the 1.3300 stop might get tested. Strategic Advice: Watch the 1.3500 level: This is a major psychological barrier. If we get a daily close above 1.3520, I would consider moving the SL to Break Even to lock in a "risk-free" ride to 1.3700. Monitor the DXY: The US Dollar Index is currently under pressure (near 98.00). As long as the Dollar stays weak, your "Cable" long is the right side of the Vesper.