GBPUSD Holds Its Bullish Structure – Next Target at 1.35750

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GBPUSD Holds Its Bullish Structure – Next Target at 1.35750GBP/USDOANDA:GBPUSDLunaTrendsGBPUSD continues to trade within an ascending channel and is now pulling back toward a newly established support zone. This area previously acted as a notable barrier, but after the breakout, it may now serve as a foundation for the next leg higher. If buyers successfully defend the current zone, the bullish trend could resume with 1.35750 as the next reasonable target. On the other hand, a break below support and the lower boundary of the ascending channel would suggest weakening momentum and reduce the credibility of the recovery scenario. Traders should watch for confirmation signals such as a bullish engulfing candle, a pin bar rejecting the support area, or a clear increase in buying pressure. These would indicate that buyers are regaining control and that the uptrend still has room to continue. This is my personal analysis, not investment advice. If you share the same view or see a different signal, feel free to leave your thoughts in the comments!