GBP/USD Bullish Recovery and Resistance TestBritish Pound / U.S. DollarFOREXCOM:GBPUSDJfx_kingThe pair is showing a strong bullish recovery as markets react to shifting geopolitical and economic conditions. Key technical details include: Current Price: The pair is trading at 1.35404, currently testing a blue Supply Zone near 1.3548. Price Action: After finding solid support at the 1.3500 psychological mark earlier in the session, the Pound has rallied over 40 pips. A small rejection candle is currently forming at the top of the range as it hits resistance. Technical Indicators: The setup looks constructive, with the price moving above the 50% Fibonacci retracement level. However, a clean break above 1.3550 is needed to target the two-month high near 1.3600. Market Context: The move is driven by a weakening U.S. Dollar following reports of a new Iranian proposal to Pakistani mediators regarding the reopening of the Strait of Hormuz. This optimism, combined with expectations for further Bank of England policy tightening, is providing a tailwind for the Pound despite ongoing "risk-off" headwinds earlier in the week. The Outlook: Traders are focused on the $1.3550 level. If the current supply zone holds, we could see a minor pullback to 1.3515 to gather liquidity before the next attempt at a breakout.