gbpusd currency forecast: Key Support at 1.3478 – Bullish or Bearish Breakout Ahead?

Hello traders, today we will forecast GBPUSD. The market has been in a bullish trend for a long time. The market is now standing at one of its support levels 1.3478. You can see it below. In the chart 📉, the support level has not been broken in the market in the last four to five days. From here, there are chances that the market will continue its trend again and go up. From here, you can see up-buying. 

Gbpusd trade confirmation 

After confirmation in the lower time frame, like in H1 or H4, you will see up-buying after the structure shifting. And if the structure does not shift or the trend does not change in the lower time frame, then there are chances that the market will break out of this support level and after the breakout, you can see up-selling, making the same support level as a resistance. 

The day I am posting this is Sunday. On Monday, look at the candlestick of the whole day to see how the market behaves. If the market is able to continue printing the price of GBUSd, then this will definitely be a momentum bulish momentum market. Otherwise, then go for upselling after breaking this support. 

Gbpusd monthly Time frame

And if you see the price of GBPUSD in the monthly time frame, the market is standing in its supply zone in the monthly time frame, so there are chances that the market will break out the support level of the daily time frame, so trade very carefully with confirmation.