GBP/USD – Bullish Breakout & Recovery SetupBritish Pound / U.S. DollarFOREXCOM:GBPUSDSHAY_ANALYTICSGBP/USD – Bullish Breakout & Recovery Setup 🔍 Market Overview GBP/USD is showing early signs of a bullish recovery after finding strong support near the recent demand zone. Price has broken above the descending trendline, indicating that bearish momentum is weakening. Although the pair is still trading below the Ichimoku cloud, buyers are gradually gaining control, and a confirmed breakout above the cloud would strengthen the bullish outlook. 📈 Bullish Scenario * A sustained move above the Ichimoku cloud and short-term resistance would confirm a bullish continuation. * The trendline breakout suggests a potential shift in market structure from bearish to bullish. * If momentum continues, buyers could target the next resistance levels. 🎯 Target 1: 1.33280 🎯 Target 2: 1.33540 📉 Bearish Scenario * If price fails to hold above the breakout zone and falls back below the support area, bullish momentum may weaken. * A rejection from the cloud could trigger another bearish leg toward recent lows. 📊 Market Structure Insight The recent trendline breakout is an encouraging sign for buyers, but confirmation above the Ichimoku cloud remains essential. Holding above the breakout level while forming higher lows would improve the probability of continued upside toward the marked target zones