GBP/USD – M30 – Bullish Recovery & Breakout Setup

GBP/USD is showing early signs of bullish recovery after establishing a solid base above the 1.3417 support zone. Following a prolonged corrective move, price has broken above the short-term descending trendline and is now consolidating above the breakout area, indicating that buyers are gradually regaining control.

The current market structure suggests improving bullish momentum as price continues to print higher lows. If buyers maintain strength above the recently reclaimed support, GBP/USD could extend its recovery toward the next key resistance levels. A confirmed move above the first resistance would reinforce the bullish outlook and increase the probability of further upside continuation.

If the Bullish Structure Holds

🟢 1st Resistance: 1.3502
🟢 2nd Resistance: 1.3534
🔴 Support Zone: 1.3417

⚠️ Disclaimer: This analysis is for educational purposes only. Always wait for price confirmation before entering any trade and use proper risk management in all market conditions.