GBPUSD GBPUSD has broken above a descending trendline that had been acting as dynamic resistance. The breakout is supported by a sequence of higher lows, showing that buyers are gradually taking control of the market.

On the lower timeframe, bullish price action continues to develop, and the current structure suggests that the recent breakout may turn into a successful trend continuation if the market holds above the breakout area.

The 1.3460 level is the key pullback zone. As long as price remains above this support, buyers may continue targeting the next resistance levels.

Trade Plan:

Buy Now or Buy on: 1.3460
Stop Loss: 1.3434

Targets:
TP1: 1.3534
TP2: 1.3565
TP3: 1.3624

Risk Management:
This analysis is based on current market structure and price action. A breakout alone is never enough—always wait for confirmation and manage your position size carefully. Capital preservation is more important than chasing every opportunity.