FX.co ★ Crude | GBP/USD

The GBP/USD exchange is stuck in an excellent bullish run, as the price trend runs higher in the second week in a row and the third month of consecutive profits. The larger trend formation on the larger timeframes is indicative of a long-term trend of increased higher highs and increased higher lows, which indicate the existence of bullish momentum. The new improvement has not taken place in a fitful or stormy manner; rather it has occurred by powerful impulse-legs, and then by shallow corrective retreats, of which is the classical feature of a full-grown yet not old-fashioned uptrend. One of the significant technical advancements has been the decisive break above a long-term resistance area that has limited any upward movement since mid 2025. This level that served as a roof in several rally attempts has been overcome with a lot of conviction and this is an indication of a change in the behavior of the structure in the market. As soon as price had surpassed this barrier, selling strength dissipated quickly and upside volume increased, and the two were able to hit multi-year highs. This intrusion has successfully turned a previous resistance zone into a large support area to support the bullish argument. The rate at which the rally has been going has been a remarkable one but the price structure indicates a sense of control and not exhaustion. The advance has not been characterized by deep and protracted pullbacks showing that buyers are still in charge and ready to intervene promptly on shallow pullbacks. This pattern is an indication of solid underlying demand as opposed to the speculative overkill when price is at historically high levels. The fact that bearish efforts do not manifest meaningful lower-low formations reflects the truth that bearish efforts are corrective and not a trend-changing initiative. Structurally, the zone of 1.370013750 is now a significant medium term support zone. This is on the congruency of past breakout positions and already indicated intentions to attract buyers during dips in the day. Even when price falls below this zone on a daily closing basis the bigger uptrend will still stand. Any persistent action under this area would be the initial indication that the bullish trend is declining, which may leave the way open to a more serious correction stage. The second significant psychological and technical obstacle is at the 1.4000 level. This is a big round number with the great historical background which will be interested in taking profits, and also new selling will be interested. At least three tries to attack this part have led to consolidation or pullbacks, and it would be a logical point to the turn of the existing trend. With an opening above 1.4000 on the clean break and daily close, a large bullish continuation pattern would have been achieved and a gateway to the higher uncharted territory would have been opened. Until this happens, price can be characterized by choppy conditions or stop and loss as the market digests new gains. Intermediate levels lie below 1.3550-1.3600 zone, of which it is possible to find previous swing highs and consolidation levels. This area may serve as a buffer in any of the corrective actions, wherein the market will alleviate the overbought circumstances, and the dominating trend structure will not be compromised. Further pullback to this region would remain corrective within the larger bullish context, as long as price does not shape a lower low as compared with past swing levels. The overall price movement indicates a movement that progresses by powerful directional swings and then one-side withdrawals instead of extensive ranging. This trend is an indication of trust among consumers and incessant frailty on the dollar side of the balance sheet. In technical terms, these trends are capable of being stretched longer than anticipated particularly when they are backed up by true structural breakouts and long-term momentum. Nonetheless, traders are supposed to avoid forgetting that there are sharper pullbacks that might come after key resistance levels, including 1.4000, are reached. To conclude, GBP/USD is still exhibiting a strong bullish trend, characterized by an increasing number of highs, minimal corrections, and breakouts of long-term levels. The areas of support that surround the areas of past breakout are essential in preserving the integrity of the trend, with the most crucial point being 1.4000 that will have to act as the main impediment to further increases. The technical picture is favorable, as long as the price does not break the key support areas and do not follow the higher-low pattern, the price will be strengthened, although intermittent consolidations can appear within the current bull market.