GBPUSD 4H - Breakout From Downtrend Channel | Now In Ascending RBritish Pound / U.S. DollarFOREXCOM:GBPUSDTrendVertex This is the British Pound / U.S. Dollar - GBPUSD 4-Hour chart on FOREXCOM. Chart Analysis: 1. Channel Breakdown & Reversal: Price was falling inside a clear downtrend channel. It found strong demand at the $1.3260 SUPPORT zone marked in pink. 2. Strong Bullish Rejection: From that support, we got a sharp bullish candle that broke out of the channel. 3. New Structure: After the breakout, price is now trading inside a new ascending "RANGE". A "FVG" Fair Value Gap is also marked on the chart. 4. Current Focus: Price is moving toward the "TARGET POINT" at the top of the range. The rising trendline is acting as dynamic support. Key Levels to Watch: - Support: $1.3260 - $1.3280 - Must hold to keep bullish structure intact - Support 2: Rising trendline of the RANGE - Resistance: Top of the RANGE + TARGET POINT area - Breakout here opens new highs Bias: Bullish while price stays above $1.3260. A 4H close below $1.3260 would invalidate the breakout and shift bias back to bearish. Educational only. Not financial advice. Use proper SL.