🔍 Fundamental Overview
GBP/USD started the week with a bullish recovery after reclaiming key support levels. The pair is benefiting from a weaker dollar due to the ongoing U.S. government shutdown and mixed macro data. However, upside potential remains capped by broader risk sentiment and technical resistance.
🇺🇸 United States:
• Shutdown Impact: Key data releases (e.g., NFP, CPI) delayed, reducing USD momentum.
• Fed Outlook: Markets still expect further easing, but uncertainty persists.
• ISM Services PMI: Released but failed to spark major volatility.
• Political Risk: Spending bills stalled in Senate, adding pressure to USD.
🇬🇧 United Kingdom:
• BoE Policy: Hawkish tone softening amid economic slowdown.
• Technical Reclaim: GBP/USD reclaimed 1.3380, turning short-term momentum bullish.
• Macro Outlook: Inflation remains sticky; political risks linger.

📊 Technical Analysis
Support Levels:
• 1.3380 – reclaimed support
• 1.3222 – medium-term base
• 1.3125 – triangle breakdown level
Resistance Levels:
• 1.3525 – key breakout level
• 1.3625 – target zone
• 1.3865 – extended bullish target
Indicators:
• MACD: Bullish crossover on 4H chart
• RSI: Testing resistance line – potential reversal signal
• Pattern: Triangle formation with bullish breakout attempt
• Price Action: Failed breakdown followed by reclaim of auction zone

📈 Trading Scenarios
✅ Bullish Setup:
• Entry: Above 1.3525
• Targets: 1.3625 ➡️ 1.3865
• Stop-Loss: Below 1.3380
• Catalysts: Weak USD, technical breakout, BoE stability
❌ Bearish Setup:
• Entry: Below 1.3380
• Targets: 1.3222 ➡️ 1.3125
• Stop-Loss: Above 1.3525
• Catalysts: USD rebound, UK data disappointment, risk-off flows