GBPUSD has broken through important resistance levels, gaining bullish momentum and setting sights on 2025 highs. The pair needs to push above 1.36477 to keep moving forward. Previously, GBPUSD rose above the swing zone between 1.36158 and 1.36330, recovering from an earlier unsuccessful attempt to hit a new 2025 high. Now, 1.36477 is the next target, and breaking this would make it the highest point since January 2022. Support was confirmed when the decline stopped at the swing zone between 1.35804 and 1.35919, encouraging buyers to step in. The rebound to previous resistance strengthens the upward trend. To keep this bullish momentum, GBPUSD must stay above 1.36158–1.36330 and aim for the 2025 peak. Dropping below this range would shift focus to lower support levels. If GBPUSD breaks above yesterday’s high, the next target is 1.37683, which represents the midpoint between the high in July 2014 and the low in October 2022. **Key levels include:** – Resistance at 1.36477, potentially reaching January 2022 highs – Support at 1.36158–1.36330 and 1.35804–1.35919 Bulls remain in control above previous resistance but must break through 1.36477 to sustain the rally. With the recent move above earlier resistance, it’s clear that the pair is on more stable ground. The breakout above 1.36158 to 1.36330 wasn’t just noise; it indicates ongoing buying pressure. As long as the price stays above this level, focus will shift higher. Monitoring market behavior around these thresholds is crucial—hesitation typically leads to pullbacks, but we haven’t seen that here. 1.36477 is more than a simple resistance point. It marks a shift in sentiment and was last touched before the January 2022 barrier. Watching price movements near this level helps us understand buyer confidence. If the price continues to stay above this zone, we might first target 1.37683—a significant retracement since the 2014 highs—with further gains likely if buying persists. When discussing support, we should pay close attention to reactions around 1.35804 to 1.35919. This level held firm during previous dips, indicating that participants were positioned strategically. Should the price drop below 1.36158, this lower support area is likely to become the next area of focus. A clear break below this zone, especially with strong volume, might signal deeper retracements, though there’s no sign of such a move yet. Daily closes are critical to watch. They are especially important now. Closes above Tuesday’s high will indicate a strong continuation; anything less may just signify a pause. As long as activity happens above prior resistance levels, bullish positions will remain valid. The real challenge is understanding market behavior when prices approach recent highs. Volume is also key. We’ve observed steady participation as prices rise—this indicates it’s not a low-liquidity situation, but rather a strategic buildup. Short-dated options are now showing a positive skew, focusing on calls near the 1.3700–1.3750 strikes. This increases the chances for additional upward movement if we break current resistance. Going forward, strategy should focus on reaction thresholds. Any plan should allow for a potential spike toward 1.37683 while maintaining tight control on downside risks through 1.35804. Position adjustments should be based on clear breaks with confirmed closes and volume. The key levels are set, and the market has already revealed its intentions; now it’s about whether it will continue to push forward.

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