GBP/USD Bulls Target 1.3544 – Next 2 Upside Levels Revealed

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GBP/USD Bulls Target 1.3544 – Next 2 Upside Levels RevealedGBP/USDOANDA:GBPUSDSupertradeOfficialThe GBP/USD 1H chart is showing encouraging signs for bulls after a prolonged bearish phase earlier in August. Price action reveals that the pair was under consistent selling pressure, making lower highs and lower lows until the 22nd of August. However, a sharp bullish impulse candle from the lows indicated a potential shift in momentum. Since then, the market has been consolidating, carving out higher lows and hinting at a possible trend reversal or at least a corrective bullish phase. The current structure highlights important zones. On the downside, the 1.3435 level is acting as immediate intraday support, while 1.3390 and 1.3365 remain strong demand levels that have repeatedly attracted buyers. As long as these supports hold, the bullish case stays valid. On the upside, 1.3477 is the nearest resistance, just above the current trading zone. A clean break above this level exposes 1.3507, which is the first profit target area on the chart, followed by 1.3544 as a major supply level. Beyond that, 1.3595 would serve as confirmation that the broader downtrend has ended and bulls have regained firm control. Momentum also favors buyers in the short term. The market has started to stabilize after the bullish impulse, and the consolidation pattern appears more like accumulation rather than distribution. If buyers can defend the immediate supports and break above the 1.3507 region, it could trigger a more sustained rally. Here’s how the trade setup looks based on the chart: •Entry (Buy): 1.3475 – 1.3485 zone •Stop-loss: Below 1.3435 •Take Profit 1: 1.3507 •Take Profit 2: 1.3544 •Extended Target: 1.3595 In summary, GBP/USD is building a bullish base as long as the 1.3435–1.3390 demand zone holds. A decisive break above 1.3507 could open the path toward 1.3544 and potentially 1.3595. If the pair fails to hold above 1.3435, however, this bullish setup would lose validity and sellers could quickly step back in.