GBPUSD H1: Can Buyers Muscle Through the First Resistance?GBP/USDOANDA:GBPUSDardian_JoeGBPUSD has just completed a sharp decline from the 1.3390 high, forming a bottom around 1.3280 and is now bouncing back quite well, approaching back toward the nearest resistance zone at 1.3315–1.3325. This is the first hurdle on the way up, before reaching the larger resistance zone above around 1.3355–1.3365. What's notable is that this bounce has been fairly decisive, with consecutive bullish candles showing little sign of slowing down — unlike the weaker bounces seen earlier in the downtrend. This is a detail worth watching. The fact that price has recovered strongly and continuously right after forming a bottom suggests this buying pressure is somewhat more aggressive, enough for me to consider that buyers might be able to push through this first resistance zone, opening the door for a further rally if momentum holds up. The scenario I'm watching is buying right at the current price level around 1.3300–1.3305, stop loss below 1.3280 (below the newly formed low), first target at the resistance zone 1.3315–1.3325 and a further target at the larger resistance zone 1.3355–1.3365 if momentum stays strong enough to clear the first hurdle. This is just my personal take based on technical analysis, not investment advice. Always wait for confirmation before entering and manage risk carefully.