GBPUSD Sterling strength continue 1.13650 Next resistance

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GBPUSD Sterling strength continue 1.13650 Next resistance British Pound vs US DollarICMARKETS:GBPUSDMR_GOLD_12GBP/USD continues to maintain a bullish market structure, with price repeatedly forming higher lows and respecting the ascending trendline. The pair has now broken above the 1.3500–1.3515 trading range, turning this previous resistance area into an important potential support zone. The repeated movement toward the upside is not only technical. Fundamentally, the pound is receiving support from resilient UK economic data and expectations that the Bank of England may need to maintain a relatively firm interest-rate stance, while the U.S. dollar has recently weakened as markets reduce expectations for an imminent Federal Reserve rate hike. Recent UK GDP data showed stronger-than-expected growth, while softer U.S. retail sales, employment and inflation signals have caused traders to scale back Fed tightening expectations. This combination is currently creating a favorable environment for GBP/USD. Key Levels ; Resistance Levels ; 1.136000 / 1.36500 Support levels ; 1.35250 / 1.35000 Technical Outlook The key level on the chart is 1.3515. As long as price holds above this breakout zone and the rising trendline remains intact, the bullish structure remains valid. However, traders should watch the 1.3500–1.3515 zone closely. A decisive move back below this area could indicate a false breakout and lead to a deeper retracement toward the ascending trendline. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.