GBP/USD continues to respect a well-defined rising channel on the H4 timeframe after reacting positively from a bullish order block near channel support. Price has reclaimed the Ichimoku cloud with a fresh bullish cloud crossover, suggesting momentum is shifting back in favor of buyers. As long as price remains above the highlighted demand zone, the probability favors a continuation toward the upper boundary of the channel where the next resistance levels are located. GBPUSD

Key Levels (Must Watch) :
1st Resistance: 1.36542
2nd Resistance: 1.37311
Support Zone: 1.32900 – 1.33300

US Jobs Miss Weakens Dollar :
July employment data came in weaker than expected, reducing the probability of another near-term Fed hike and supporting GBP/USD

Disclaimer: This analysis is for educational purposes only.

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