GBP/USD - Pound Bulls Challenge Resistance

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GBP/USD - Pound Bulls Challenge Resistance British Pound / US DollarEASYMARKETS:GBPUSDeasyMarketsGBP/USD continues to maintain a bullish 4H structure, with price holding above its recent higher-low areas and approaching the 1.3520–1.3558 resistance zone. A confirmed break above 1.3558 would strengthen the bullish continuation setup and potentially expose 1.3580–1.3600. On the downside, the 1.3475–1.3490 support zone remains important for maintaining the current structure, with deeper support around 1.3435–1.3455. The fundamental focus is again on the US dollar. The market is awaiting US CPI for clues about the Fed's next policy move, while UK economic data, including upcoming GDP, remains important for expectations around the Bank of England. A softer US inflation print could support GBP/USD by putting pressure on the dollar, while a hotter number could create a short-term pullback. Key levels: Support: 1.3475–1.3490 / 1.3435–1.3455 Resistance: 1.3520–1.3558 / 1.3580–1.3600 Bias: LONG - bullish continuation favoured above support. This Article is for informational and educational purposes only and does not constitute investment advice. It does not consider the financial situation, needs, or objectives of any specific individual. Any reference to past performance is not a reliable indicator of future results. Risk Warning: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please refer to our full risk disclaimer on our website