Lingrid | GBPUSD Bullish Setup at Multi-Factor Confluence

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Lingrid | GBPUSD Bullish Setup at Multi-Factor ConfluenceBritish Pound/US DollarFX:GBPUSDLingridGBPUSD pulled back from the consolidation high and is now reacting around the 1.3438 support band, where the rising trendline meets the descending resistance. This confluence may act as a decision point, with selling pressure slowing after the sharp drop from the highs. If buyers manage to defend this area, the move could evolve into a corrective bounce back toward 1.3520, with extension potential into the upper resistance zone near 1.3550–1.3570. Structure remains constructive as long as price respects the higher-low base. ➡️ Primary scenario: hold above 1.3438 → rebound toward 1.3520 ⚠️ Risk scenario: sustained breakdown below 1.3400 invalidates the bullish setup and opens deeper downside If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!