GBP/USD is showing a strong bullish breakout structure on the 1H chart. Price has pushed above the descending resistance trendline and is currently consolidating just below the 1.3506–1.3508 resistance zone.

🔍 Technical Analysis
Current price: ~1.3492
Major resistance: 1.3506–1.3508
Near-term support: 1.3480
Pullback zone: 1.3469–1.3474
Trendline support: around 1.3450–1.3460
Bullish target: 1.3508+
Next upside area: 1.3520–1.3530

The breakout candle came with a clear volume expansion, suggesting increased buyer participation. Price is also trading above the Ichimoku cloud, keeping the short-term structure bullish.

📈 Possible Next Move

Bullish scenario:
A controlled pullback toward 1.3480–1.3470, followed by bullish confirmation, could provide a continuation setup toward 1.3508. A clean 1H close above 1.3508 could open the way toward 1.3520–1.3530.

Bearish invalidation:
If price loses 1.3469 and breaks the rising trendline, the breakout could weaken and a deeper retracement may develop.

BUY on bullish confirmation: 1.3470–1.3480
TP1: 1.3508
TP2: 1.3520
TP3: 1.3530
Invalidation: Below 1.3469

GBP/USD 1H: Bullish Breakout — Can 1.3508 Fall? 🚀

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