GBP/USD ANALYSIS IN ASIA SESSION I 01/02/2026British Pound vs US DollarFPMARKETS:GBPUSDGeka_Trader1. Price Structure & Trend Strong Recovery: After tapping the deep Demand zone around 1.34100, the price staged a powerful V-shaped recovery. Trendline Intersection: The price has broken above the long-term descending trendline and is currently supported by a very steep short-term ascending trendline. Current Position: Trading around 1.34874, the price is sitting just below a diagonal resistance intersection. This is a pivotal moment to determine if the rally continues or enters a correction. 2. Key Volume Profile Zones VAH Zone (1.35177): The Value Area High. If the price clears current hurdles, this is the next major upside target. POC Zone (1.35037): The Point of Control represents the highest concentration of traded volume. It acts as a heavy psychological and technical resistance just above current prices. VAL Zone (1.34639): The Value Area Low. Should the price reverse, this is the first primary support level to watch. 3. Potential Scenarios Scenario 1: Bullish Continuation If the price closes firmly above the descending trendline and clears 1.34900, it will likely head straight for the POC (1.35037) and eventually the VAH (1.35177). Signs: Long-bodied candles with short lower wicks that maintain their position above the steep ascending trendline. Scenario 2: Technical Correction Due to the steepness of the recent rally, the price may undergo a technical pullback toward the VAL (1.34639) or the ascending trendline to "refuel" before attempting another leg up. Signs: Failure to break the diagonal resistance and the appearance of upper wicks (pin bars) around the 1.34900 area. 4. Summary Assessment Bulls: Clearly in control following the exit from the Demand zone. Risk: The price is entering a high-density trading area (as seen in the Volume Profile on the left), meaning profit-taking pressure will likely increase between 1.35000 and 1.35100. Trading Tip: Closely monitor price reaction at 1.35037 (POC). This is the ultimate "pivot point"; a break above this level would confirm a more sustained long-term uptrend.