Insights 
VT 
Resistance Levels And Bullish Momentum
GBPUSD has moved above key resistance levels, regaining bullish momentum with eyes on 2025 highs. The pair needs to break past 1.36477 for further progress.
Earlier, GBPUSD climbed past the swing zone between 1.36158 and 1.36330, recovering from a failed attempt to reach a new 2025 high. This sets 1.36477 as the next target, breaking which would be its highest since January 2022.
Support was confirmed as the decline paused at the swing zone between 1.35804 and 1.35919, prompting buyers to defend. The bounce back to earlier resistance solidifies the upward trend.
To maintain this bullish focus, GBPUSD must stay above 1.36158–1.36330 and aim for the 2025 peak. Falling below this would draw attention to lower support.
If GBPUSD exceeds yesterday’s high, the next target is 1.37683, the midpoint from July 2014’s high to October 2022’s low.
Key Levels For Market Focus
Key levels include:
– Resistance at 1.36477 and potentially reaching January 2022 highs
– Support at 1.36158–1.36330 and 1.35804–1.35919
Bulls maintain control above previous resistance, but need to surpass 1.36477 to drive the rally onward.
Following the recent shift above prior congestion, it now becomes clear that the pair is on firmer ground. The breach above former resistance between 1.36158 and 1.36330 was not just technical noise—it was a clear response to prior buying pressure that continues to build beneath. As long as price remains comfortably above this level, the focus naturally drifts higher. There’s an element of precision in watching how the market treats such thresholds: hesitation often leads to pullbacks, but so far, we’ve not seen anything of the sort.
1.36477 presents itself as more than just a marker. It symbolises an inflection in sentiment as it represents the tipping point just before the January 2022 barrier was last touched. By observing how price reacts in proximity to this level, we start to glean more about buyer conviction. Any further acceptance north of this zone opens up room first toward 1.37683 – a noted retracement from that lengthy move post-2014 – with further expansion expected if the buying continues unabated.
When we talk about support, we lean heavily on the reaction around 1.35804 to 1.35919. It was this shelf that held firm during the dip, suggesting that participants were waiting with intent. That reaction should not be underplayed. Should price fall back through 1.36158, this lower support will likely be the next battleground. A clean break below that region, especially on strong volume, might open up traction towards deeper retracements, but nothing thus far hints that an unwind is underway.
We should continue watching daily closes. They matter now more than ever. Closes above Tuesday’s intraday high will reinforce appetite for continuation; anything short of that, and we may simply be pausing. Still, as long as this churn happens above prior resistance, positional bulls will feel validated. The real test doesn’t lie in momentum indicators—it lies directly in how the market behaves when stretched near recent highs.
Volumes also deserve attention. We’ve seen a steady build-up in participation as price climbed – this isn’t a low-liquidity move. Instead, it reflects deliberate positioning. Short-dated options are starting to show positive skew, focusing on calls near 1.3700–1.3750 strikes. That tilt bumps the odds higher for a further squeeze upward in case we breach current resistance.
From here, planning must centre on reaction thresholds. Any strategy should account for a potential spike toward 1.37683, matched with tight control on downside through 1.35804. Position adjustments should only follow clear breaks with confirmed closes and volume. The levels are marked, and the market has already shown its hand; it’s just a matter of whether that hand continues to press forward.
