GBPUSD Shows Strong Upside Momentum Following Key Breakout Levels

Market Analysis – April 21

GBPUSD displays strong upside momentum following key breakout levels. The 9-day Simple Moving Average (SMA), currently positioned at 1.3160, is rising sharply and now serves as a dependable dynamic support. Simultaneously, the Moving Average Convergence Divergence (MACD) indicates a widening gap between the fast and signal lines—both well above the zero line—pointing to sustained bullish momentum. The MACD histogram has also extended further into positive territory, reinforcing the prevailing bullish outlook.

GBPUSD Key Levels

Supply Levels: $1.3430, $1.3800, $1.4000
Demand Levels: $1.3210, $1.2710, $1.2100

GBPUSD Long-Term Trend: Bullish

Price action confirms a bullish trend, having recently broken above the significant resistance zone around $1.3210 and now trading above $1.3400. The shift in structure—identified by a Change of Character at the $1.3210 level—was the first signal of a potential trend reversal. This was further validated by a strong rebound from the $1.2710 support area, where a bullish breaker block formed. The emergence of bullish engulfing candlesticks and a consistent pattern of higher highs and higher lows has reinforced the market’s positive trajectory.
With this breakout now established, GBPUSD appears set to extend its move toward the next resistance at $1.3800, with a longer-term projection near $1.4000. As long as price remains above the $1.3210 support level, the bullish outlook stays valid. Traders leveraging forex signals may find opportunities during any consolidation around the $1.3400 zone, anticipating a continuation of the upward trend.

GBPUSD Short-Term Trend: Bullish

On the 4-hour chart, GBPUSD maintains its bullish stance after confirming a Break of Structure above $1.3310, followed by a swift rally to $1.3430. The pair continues to trade above the 9-period SMA at $1.3310, which is trending upward and supports the short-term bullish sentiment.
A retracement into the $1.3210–$1.3290 order block zone may offer a favorable high-probability entry point for buyers. The MACD on this timeframe supports this view, with the fast line positioned above the signal line and positive histogram bars continuing to expand.

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