GBPUSD Pullback Finds Support Around EMA89 ZoneGBP/USDOANDA:GBPUSDDomicChainaGBPUSD is currently entering a short-term corrective phase after the strong bullish rally seen since early May. What stands out most to me is the recent bearish move that pushed price below EMA34, with the pair now reacting directly around EMA89 — a level that often acts as a key trend support during medium-term bullish structures. At this stage, the broader uptrend has not been fully invalidated as higher lows are still holding firmly. However, bullish momentum has clearly weakened after several failed attempts near the 1.3640–1.3660 resistance area, suggesting that buyers are beginning to take profits more aggressively. The key zone I’m watching now is 1.3520–1.3500. If GBPUSD continues holding above EMA89 and buyers step back into the market from this region, the pair could recover toward 1.3600, with 1.3650 becoming the next upside target. Fundamentally, GBP remains supported by expectations that the Bank of England may keep interest rates elevated for longer due to persistent inflation pressures in the UK. Meanwhile, the US dollar is regaining some strength as Treasury yields rise and the Federal Reserve maintains a cautious tone amid energy-driven inflation concerns. The positive signal here is that EMA89 is still sloping upward and price has not fully broken down from the medium-term bullish structure. For now, I continue favoring a corrective pullback scenario before GBPUSD potentially resumes its broader uptrend.