GBPUSD Possible SenarionGreat British Pound vs. US DollarFX:GBPUSDDaragolbonGBPUSD GBP/USD | Bullish Channel – AB=CD Pattern On the GBP/USD chart, we can clearly identify a well-defined ascending channel. An AB=CD harmonic pattern has also formed, and price has shown a strong positive reaction at the lower boundary of the channel, aligning with the completion of the pattern at point D. Following this reaction, price has started moving upward. Currently, price is approaching a resistance zone. Therefore, we may expect a short-term correction, potentially followed by a reaction around the previously identified point D area, before buyers regain momentum and push price toward higher levels. Price Targets Our first target is around the neckline of a previously formed Head and Shoulders pattern, which now represents an important resistance zone. If price manages to break above this level and sustain its position, we could anticipate further bullish momentum toward the upper boundary of the ascending channel and potentially its extended projection. Fundamental Outlook & Risk Management From a fundamental perspective, market expectations and forecasts from the Bank of England, along with the outcome of the Federal Reserve meeting held on October 28, could influence the relative strength of the GBP and USD. Additionally, as we enter November, potential geopolitical developments may create further volatility across financial markets. These factors should be carefully considered when evaluating this setup. Ultimately, this is a bullish scenario, not a confirmed buy signal. Any potential entry should be considered with proper risk management, close attention to price reactions around key levels, and full awareness of the associated market risks. FOREDNA | Trade with a plan, not with expectations.