Is GBP/USD Ready for the Next Bull Run ?

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Is GBP/USD Ready for the Next Bull Run ?British Pound / U.S. dollarBITSTAMP:GBPUSDSmartEdgeTradingIn the ever-churning ocean of FX markets, the British Pound now stands poised on the brink of a renewed bullish wave. As revealed in the 4H GBP/USD chart, price action has carved a compelling journey—from a well-rooted **bullish trend** into **consolidation**, only to emerge again with a **"Quick Bullish Setup"** eyeing higher altitudes. The pair hovers above **1.35075**, leaning into a potential breakout targeting **1.36264** (immediate target), and if momentum sustains, an extended reach toward **1.37651**. This projected path follows a rejection from key **support zones** and aligns with an unfilled **fair value gap** below, lending confluence to the bulls. The **resistance belt**, etched across late June highs, may again test the pair’s resilience—yet the trajectory signals an upward bias unless macro winds shift course. With key levels and sentiment aligned, traders may find favorable setups emerging in the sessions ahead. UK consumer confidence hits 2-year high, boosting GBP momentum.