GBPUSD Remains Bullish While Respecting Dynamic Trendline Support Structure

Market Analysis – June 30

GBPUSD remains bullish while respecting its dynamic trendline support structure. The pair continues to exhibit an upward trend, consistently forming higher highs and higher lows in line with the ongoing bullish pattern. The 9-day SMA, currently positioned at $1.35550, is acting as dynamic support and reinforcing the prevailing positive market sentiment. Momentum indicators, particularly the MACD, remain in bullish territory, with an expanding histogram and an upward crossover that highlight continued buying pressure.

GBPUSD Key Levels

Supply Levels: $1.3630, $1.3800, $1.4000
Demand Levels: $1.3330, $1.3050, $1.2710

GBPUSD Long-Term Trend: Bullish

The market recently rebounded from the ascending trendline support while staying above a key horizontal level at $1.36050. This confluence of the trendline and support zone has fueled the latest bullish surge. The price is now approaching minor resistance at $1.38000, where a brief consolidation or retracement might occur before further gains resume.

Looking ahead, if GBPUSD breaks and sustains above the $1.38000 resistance level, bullish momentum could drive the price toward the psychological mark of $1.40000. Any short-term retracement is likely to find support along the trendline, preserving the overall bullish formation, especially with guidance from forex signals.

GBPUSD Short-Term Trend: Bearish

GBPUSD is currently undergoing a bearish correction after failing to breach the $1.3800 resistance level. The pair has formed a lower high and is now pulling back from recent peaks, reflecting reduced bullish momentum.

The projected downward target lies within the $1.35000–$1.34600 breaker block, which aligns with the rising trendline. A drop below $1.36320 would confirm a deeper correction toward the support area.

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