GBPUSD - A false break of support will trigger a rally British Pound/US DollarFX:GBPUSDRLindaGBPUSD is forming a bullish trend within which it is testing key support from the D1 chart at 1.3516. A long squeeze could trigger a continuation of the trend The dollar is in a downtrend and consolidating below key resistance. Against the backdrop of a weak dollar, the pound is poised to rise. A long squeeze is forming, and after absorbing liquidity, the price is returning to the range formed within the bullish trend. The price may continue to rise toward 1.365. Resistance levels: 1.354, 1.359, 1.365 Support levels: 1.3516, 1.3486 A long squeeze and consolidation above the range’s support level could trigger a rise toward the flat resistance at 1.3544. However, a break above 1.3544 could trigger a continuation of the rise toward 1.365–1.37 Best regards, R. Linda!