GBPUSD Hits Channel Highs – Watch for Exhaustion or BreakoutGBPUSD continues its impressive rally, tapping into the upper boundary of a clean ascending channel across the 1D and 4H timeframes.
🔹 Daily:
Structure remains bullish with price pressing into long-term channel resistance near 1.3765. This is a key inflection point — bulls may need fresh momentum to break above.
🔹 4H:
Sharp impulsive move has stretched to the upside channel line. RSI likely overextended. Look for signs of exhaustion or bearish divergence here.
🔹 1H / 23m:
Lower timeframes show aggressive bullish control, but price is stalling near the highs. If we break structure or reject this zone, we could see a correction toward 1.3660 or deeper.
📉 If rejection occurs here, short opportunities may present toward mid-range or trendline support.
📈 If we break and close above 1.3780 with volume, continuation toward 1.3850 becomes likely.
💡Key Levels:
• Resistance: 1.3780, 1.3850
• Support: 1.3660, 1.3600
