GBPUSD’s Rising Channel: Buyers Target 1.36500

Wait 5 sec.

GBPUSD’s Rising Channel: Buyers Target 1.36500GBP/USDOANDA:GBPUSDGoldenPearl_tradGBPUSD has been moving steadily inside a rising channel, printing higher highs and higher lows along the way. The broader structure remains bullish. Price is now pulling back into a key demand zone near the lower boundary of the channel. This is where buyers need to step in again and show that the recent decline is only a correction, not a shift in trend. If this support holds and price starts to recover, the next bullish leg could push GBPUSD toward 1.36500, a reasonable target based on the current channel structure. As long as price respects the demand zone and stays within the channel, buyers remain in control of the larger move.