GBPUSD H1: Further upside potential towards 1.345GBP/USDOANDA:GBPUSDRaekwon_foxGBPUSD has just broken out of a descending channel with a strong upward move, simultaneously reclaiming both EMAs. This indicates that short-term selling pressure has weakened and the structure is gradually shifting in favor of buyers. After the breakout, the price is undergoing a slight correction to the imbalance zone of 1.3310–1.3340. If this area continues to be defended and a H1 candle rejecting a decline appears, the pullback could become the starting point for the next upward move. The near-term target is around 1.3380–1.3400. Once this area is breached, GBPUSD could continue towards the main resistance zone of 1.3430–1.3450. The channel breakout has given buyers an advantage. The current priority is to wait for the price to retest the breakout zone rather than chasing the upward move.