GBP/USD – Potential Pullback or Breakout?British Pound/US DollarFX:GBPUSDBullback_FXHello traders! Today, let's analyze the GBP/USD 4H chart and see how this pair is moving. Currently, GBP/USD remains in a steady uptrend within a well-defined parallel channel. The pair is trading around 1.2670, staying above EMA 34 and 89, indicating that buyers are still in control. However, an important factor to watch is that GBP/USD is approaching the upper resistance of the channel, which could lead to a short-term pullback before resuming its upward momentum. If the price tests the channel’s upper boundary and shows signs of rejection, we could expect a corrective move toward the 1.2570 support zone. This would be a key area to watch for potential buying interest. If buyers successfully defend this level, it could offer a great buying opportunity to ride the trend higher. On the flip side, if GBP/USD breaks and closes above the resistance zone, it could signal a strong breakout, opening the door for a move toward new highs. 📌 Trading Strategy Ideas: 🔹 Short-term Sell: Look for a rejection at resistance with bearish signals. 🔹 Trend-Following Buy: Consider buying if price pulls back to key support and shows bullish momentum. Do you agree with this analysis? Drop your thoughts in the comments below!