GBP/USD - Channel Breakout SetupGreat British Pound vs. US DollarFX:GBPUSDKABHI_TA_TRADINGGBP/USD is attempting a bullish reversal from the 1.31931–1.32130 support zone after an extended decline inside a descending channel. A sustained move above this level would strengthen the recovery case toward 1.33912 and then 1.34445. The chart also shows price moving back above the lower channel structure, while the recent reaction from support suggests buyers are defending the area. However, a failure to hold 1.32130 would weaken the bullish structure and bring 1.31931/1.31797 back into focus. The 0.618 Fibonacci level is 1.33970, closely aligned with the first resistance area at 1.33912. The 0.786 Fibonacci level is 1.34554, making the 1.34445 region an important higher resistance and target zone. Target Levels: 1st Resistance - 1.33912 2nd Resistance - 1.34445 📰 Fundamentals and Live Headlines: 1. U.S. September NFP came in at just 29K vs 90K expected, while unemployment increased to 4.2%, reducing near-term expectations for another Fed hike. Thank you.