Retest Breakout, GBPUSD Uptrend

🔍 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.