Technical Outlook for GBP/USD!Great British Pound vs US DollarCFI:GBPUSDCFIThe GBP/USD pair continues to trade within an ascending channel, maintaining a structure of higher highs and higher lows, which keeps the broader bullish trend intact despite the recent pullback in price action. Trading Within the Channel Price has retreated from the upper boundary of the ascending channel and is currently trading around the 1.3440–1.3450 levels. The decline appears gradual, with no significant acceleration in bearish momentum so far. Support and Resistance Levels The 1.3550–1.3570 zone continues to act as a strong resistance area, where price previously failed to break higher, maintaining its role as the upper boundary of recent bullish attempts. Meanwhile, support levels are becoming increasingly important, with the 1.3400 level now viewed as a key short-term support area, while the lower boundary of the ascending channel lies near 1.3340–1.3350. The Volume Profile indicator shows a notable concentration of trading activity between 1.3400 and 1.3450, suggesting that price is currently moving within a major value area that previously witnessed heavy trading activity. In addition, the Relative Strength Index (RSI) has returned to the neutral zone between 47 and 50, reflecting a slowdown in bullish momentum and a shift toward a more balanced market condition. Summary GBP/USD remains within an ascending channel despite the gradual pullback from recent highs toward the 1.3400 level. While resistance levels remain intact, current support zones are gaining importance, indicating a consolidation phase in both price action and momentum within the broader bullish trend.