GBPUSD STRONG ANALYSIS

1. Over-Reliance on the Ascending Channel

The chart assumes price will stay within the current rising channel, but price action often breaks such structures. A bearish breakdown could invalidate this projection.

If 1.26070 support fails, we may see a larger downtrend rather than a bounce.

2. Resistance Might Be Stronger Than Expected

The 1.8060 resistance is plotted far from the current price (1.28773). Assuming such a long-term rally without testing lower levels could be overly optimistic.

Sellers may push price down near 1.2700 or lower before any meaningful bullish move.

3. Volume and Momentum Are Missing from the Analysis

There's no clear volume confirmation supporting the bullish move. If buying volume weakens, the price may consolidate instead of rallying.

RSI/MACD divergence could indicate exhaustion, leading to a bearish reversal.

4. Macro Factors Could Invalidate This Setup

The British Pound is highly sensitive to economic data (inflation, interest rates, etc.).

If upcoming news favors the USD, the GBP/USD pair could break below support levels rather than respecting the predicted bounce zones.

Possible Alternative Scenario

A false breakout above recent highs could lead to a reversal, with price targeting 1.26070 or even lower levels before finding real bullish strength