GBP/USD Technical Analysis – Bullish Push Into Major Resistance

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GBP/USD Technical Analysis – Bullish Push Into Major ResistanceGreat British Pound vs. US DollarFX:GBPUSDMarketStrategysignals📊 GBP/USD Technical Analysis – Bullish Push Into Major Resistance ⚠️📈 GBP/USD remains inside a well-defined ascending channel, maintaining a bullish market structure after a confirmed Change of Character (CHoCH). Price is currently approaching a strong resistance zone, where sellers may become active. 🔍 Market Structure 📈 Bullish trend remains intact within the rising channel. ✅ Higher highs and higher lows continue to support bullish momentum. ⚠️ Price is testing a significant resistance area, increasing the probability of rejection. 🎯 Trading Outlook 🟢 Bullish Scenario: A clean breakout and sustained close above the resistance zone could trigger another leg higher. 🔴 Bearish Scenario (Preferred): Rejection from resistance may lead to a corrective decline toward the Demand Zone / Order Block (1.3290–1.3265), where buyers could re-enter the market. 📌 Key Levels 🚧 Resistance: 1.3460 – 1.3475 🟢 Demand Zone: 1.3290 – 1.3265 🛡️ Major Support: 1.3140 🧠 Conclusion The overall trend is still bullish, but price is entering a high-probability reaction zone. Watch for bearish confirmation at resistance before considering a pullback toward the demand zone. A confirmed breakout above resistance would invalidate the short-term bearish correction and favor continued upside.