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On the H4 timeframe, GBPUSD is showing a transition from consolidation into a short-term uptrend after forming a base around 1.3150–1.3180. The bullish momentum is reinforced by a breakout above the 1.3320–1.3340 zone and sustained trading above the EMA50 and EMA100, confirming the dominance of buying pressure. The market structure has now formed a sequence of higher highs and higher lows, signaling a strengthening uptrend, with the 1.3550–1.3570 resistance zone acting as the key level for the next directional move.
On the H4 timeframe, GBPUSD is showing a clear transition from a consolidation phase into a short-term uptrend after forming a base around the 1.3150–1.3180 area. The recent rally has been supported by strong momentum, reflected in consecutive bullish candles with expanding ranges.
The current rally in GBPUSD is no longer a simple technical rebound but has evolved into a clear bullish structure. However, the 1.3550–1.3570 zone will be a key level in determining whether this trend can extend or if the market will enter a corrective phase before further consolidation.
After breaking above the 1.3320–1.3340 zone, price continues to hold above both the EMA50 and EMA100, indicating that buying pressure remains dominant. The fact that price has not undergone a deep pullback and instead quickly approached the 1.3550–1.3570 area suggests that this is no longer just a technical rebound, but rather the formation of a new bullish structure with clear higher highs and higher lows.
At the moment, GBPUSD is entering a brief consolidation phase as it tests the 1.3550–1.3570 resistance zone. If price fails to break above this area, a corrective move toward 1.3460–1.3480 is likely, which also serves as a key level for validating the prior structural shift. On the other hand, a decisive breakout above 1.3570 could extend the bullish momentum toward the 1.3700 area.
16.04.2026
GBPUSD
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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