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British Pound / U.S. Dollar
Long
Updated

GBPUSD Rebounds Strongly – Is the Uptrend Ready to Resume?

158
Hello traders!

On the D1 chart, GBPUSD is showing a strong recovery after bouncing off the support zone around 1.33500–1.34500. This rebound happened right at the ascending trendline and the confluence with the EMA, reinforcing the strength of the bullish zone.

The overall bullish structure remains intact. As long as price stays above the trendline, I expect GBPUSD to continue its move toward the resistance area near the recent highs.

My strategy is to look for buying opportunities around the support zone or after a confirmation signal from price action following a minor pullback.

Good luck and happy trading!
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