GBPUSD: Buy With the Uptrend_Prioritize Pullbacks Toward 1.3350In the current environment, GBPUSD holds a clear advantage as USD weakness follows a dovish tone and expectations of U.S. rate cuts , allowing counterpart currencies like GBP to maintain higher price levels. On the UK side, the market still carries concerns about potential BoE easing ahead; however, in the short term, USD weakness remains the dominant driver , especially in the absence of any unexpected negative UK data .
From a technical perspective, the structure appears clean and constructive : price is moving within an ascending channel and continues to print higher highs and higher lows. The 1.3350 area is marked as immediate support—a key pivot zone to look for buy-on-pullback opportunities . On the upside, 1.3430 stands as near-term resistance, where the market may pause or take profit before attempting a broader breakout.
The preferred scenario is to BUY on pullbacks : wait for price to retrace toward 1.3350 and observe price action (bearish rejection, trendline/channel hold). If this level holds, GBPUSD has a solid basis to retest 1.3430 in the near term. Conversely, a clear break below 1.3350 would signal a loss of bullish momentum, warranting greater caution on new long positions.
In summary , the fundamental backdrop favors buyers and the technical picture confirms the uptrend. The key now is not to chase price, but to stay patient, wait for a quality pullback, and let the market reward disciplined execution.
