GBPUSD Consolidation Bullish remains valid
GBPUSD is moving in a clear bullish trend. Price has been respecting an ascending trendline, which indicates strong buying interest from lower levels. After a strong impulsive move upward, the market entered a consolidation phase, forming higher lows while staying above trend support — a healthy sign in an uptrend.
Currently, price is pulling back toward the rising trendline, which acts as dynamic support. This pullback looks corrective rather than bearish, suggesting buyers are still in control. As long as price holds above this support zone, the bullish structure remains valid then upside target will be 1.38608 to 1.38212
Bullish continuation is favoured while price remains above the ascending trendline. A strong bullish reaction from support could trigger the next upward leg toward the marked resistance zones.
You may find more details in the chart,
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