GBPUSD Reaches The Top Of Rising Structure on 2H

Wait 5 sec.

GBPUSD Reaches The Top Of Rising Structure on 2HBritish Pound / U.S. DollarFOREXCOM:GBPUSDCandleKing09GBPUSD Tests Major Resistance at the Top of Rising Structure GBPUSD has maintained a steady bullish structure after recovering from the late-July lows, with price developing a sequence of higher highs and higher lows inside the rising channel. Buyers have continued to control the broader move, gradually pushing price toward the upper boundary of the structure. The latest bullish expansion has now driven GBPUSD into the 1.3590–1.3620 resistance zone, where the upper channel boundary and horizontal supply are creating an important confluence. Price has also produced a sharp push into this area, increasing the possibility of short-term exhaustion after the extended recovery. This region now becomes a major decision point. While the overall structure remains bullish, the location favors watching for rejection or weakening momentum before assuming further continuation. Speculative Outlook If GBPUSD fails to establish strong acceptance above the 1.3590–1.3620 resistance zone and bearish confirmation begins developing, price could enter a corrective move back toward the lower side of the rising structure, with the 1.3540 region becoming an important short-term area to monitor. However, if buyers absorb the selling pressure and establish strong closes above 1.3620, the bearish correction scenario would weaken. A confirmed breakout could allow GBPUSD to extend toward the next major resistance around 1.3660. The reaction at the current resistance is therefore important, as rejection from the upper channel could initiate a correction, while sustained acceptance above it would favor bullish continuation.