GBPUSD – Breakout Retest Looks Healthy, Bulls in ControlGBP/USD has been trading below a falling resistance trendline for quite some time. Recently, price managed to break above this trendline, which is the first sign that selling pressure is weakening.
After the breakout, price did not continue straight up. Instead, it came back for a retest, and that retest is holding well so far. This is usually a healthy sign, showing that buyers are willing to step in at higher levels instead of letting price fall back below structure.
What Price Is Telling Us:
Price is respecting the previous resistance as support and forming higher lows. Sellers are trying, but they are unable to push price back below the trendline. This behavior often appears when the market is preparing for continuation rather than reversal.
As long as price holds above this zone, the bullish bias remains intact, with upside levels marked on the chart. A clean breakdown below the structure would invalidate this view.
This is a structure-based idea, not a prediction. Let price do the work.
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Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Please manage risk responsibly.
