GBPUSD → Correction amid a global bullish trend...

GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance.



The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend.

Support levels: 1.3476, 1.345, 1.3382
Resistance levels: 1.3511, 1.359, 1.375

Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374.

Best regards, R. Linda!