GBPUSDGreat British Pound vs. US DollarFX:GBPUSDMarket_Sniper_01Hello Traders! 👋 What are your thoughts on GBPUSD? GBPUSD continues to trade within a well-defined ascending channel, maintaining a bullish market structure. However, after reaching the upper boundary of the channel, the pair has started to lose momentum and is now consolidating just below a major resistance area. This suggests that buyers are becoming cautious as price approaches a high-probability supply zone. On the other hand, if buyers manage to secure a strong hourly or daily close above the 1.3420 resistance zone and break out of the ascending channel, the bearish correction scenario will be invalidated. Such a breakout would confirm renewed buying strength and could open the door for a continuation toward higher resistance levels. Support our work by liking, sharing, and following us for more accurate market insights and trading analysis.