GBPUSD GBP/USDOANDA:GBPUSDTrading_Tips1GBPUSD is currently trading around the 1.3637 area while maintaining a bullish market structure on the 1H timeframe. Price continues to respect the rising trendline and is forming a sequence of higher lows, showing that buyers remain active. The recent consolidation below the 1.3650–1.3660 resistance zone can be viewed as a potential accumulation phase before another upside move. 📈 BULLISH SCENARIO — UPSIDE CONTINUATION As long as GBPUSD holds above the 1.3615–1.3625 Demand / Support Zone, buyers could continue defending the higher-low structure. A strong bullish reaction from this area may push price back toward the resistance zone and potentially trigger a breakout toward: TP1: 1.3660 TP2: 1.3680 TP3: 1.36828 A sustained breakout above 1.3660 would strengthen the bullish setup and could open the way toward the next external liquidity above the recent highs. 🔎 MARKET STRUCTURE The chart shows a previous liquidity sweep of lows, followed by strong bullish displacement and a continuation of higher highs and higher lows. Price also swept liquidity above the previous highs before entering the current consolidation, while the rising trendline continues to provide dynamic support. The Bullish FVG around 1.3585–1.3597 remains an important imbalance area. If price experiences a deeper pullback, this FVG could act as a potential reaction zone before buyers attempt another continuation. ⚠️ BEARISH INVALIDATION The bullish outlook would weaken if price breaks and sustains below the 1.3615 support area. A deeper correction could then expose the 1.3585–1.3597 Bullish FVG and lower demand zones. 💡 TRADING IDEA Instead of chasing price near resistance, the better approach is to wait for either a confirmed breakout above 1.3660 or a controlled pullback into the 1.3615–1.3625 Demand Zone / Bullish FVG and look for bullish confirmation. If you found this XAUUSD analysis useful, support the idea with a 👍 and share your market view in the comments — your feedback is appreciated!