GBPUSD: Trendline Support Keeps Buyers in Control

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GBPUSD: Trendline Support Keeps Buyers in ControlGBP/USDOANDA:GBPUSDParadise_NoirGBPUSD is maintaining a fairly stable bullish structure on the H4 timeframe, characterized by a series of higher lows. Notably, the 1.3490–1.3500 zone forms a confluence of the rising trendline and the Ichimoku support area, helping buyers maintain the upper hand. If the price holds firm at the 1.3496 level and buying pressure returns, I expect GBPUSD to continue its upward movement to test 1.3540, potentially extending toward the 1.3560 resistance zone. The bullish scenario would weaken if the price breaks decisively below the trendline and loses the 1.3490 level. Until that happens, the preferred strategy remains waiting for a pullback to trade in line with the uptrend. Trend: Bullish | Support: 1.3496 | Target: 1.3560