🔍 1. Trend : Market Structure
📈 Main trend:
→ Bullish
Price has:
Broken the previous resistance zone (~1.348x – 1.350x)
Formed Higher Highs + Higher Lows
Momentum:
→ Strong bullish move with clear displacement
👉 Conclusion:
The market is in a short-term uptrend
Current move is a pullback after breakout
📊 2. Key Levels
🔵 Support (Buy Zone)
Main zone: 1.348x – 1.350x
Confluence:
Previous breakout zone
Demand area
Near moving average support
🔴 Resistance (Targets)
Short-term: 1.352x
Higher targets: 1.355x – 1.358x
🎯 3. Trading Plan
✅ Primary Scenario (Buy bias)
Entry: around 1.34800 – 1.34700
Stop Loss: below 1.34400
Take Profit:
TP1: 1.352
TP2: 1.355
TP3: 1.358
4. News ( GBPUSD )
GBP/USD started the week under pressure, slipping toward 1.3380 before rebounding strongly to close near 1.3510, gaining about 0.35%. The pair broke back above 1.3500, marking its highest level since late February and extending a sharp recovery of over 350 pips from early April lows, retracing roughly half of its prior decline.
Initial risk-off sentiment, triggered by geopolitical tensions and a US blockade announcement, weighed on the Pound. However, improving market optimism around a potential resolution later in the session weakened the US Dollar, helping GBP/USD stage a solid recovery.