GBPUSD bullish sideways consolidation above 1.3480

  • April 16, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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The GBPUSD currency pair continues to display a bullish outlook, in line with the prevailing trend. Recent price action suggests a sideways consolidation, potentially setting up for another move higher if support holds.

Support Zone: 1.3480 – a key level from previous consolidation. Price is currently testing or approaching this level.

A bullish rebound from 1.3480 would confirm ongoing upside momentum, with potential targets at:

1.3630 – initial resistance

1.3656 – psychological and structural level

1.3682 – extended resistance on the longer-term chart

Bearish Scenario:
A confirmed break and daily close below 1.3480 would weaken the bullish outlook and suggest deeper downside risk toward:

1.3457 – minor support

1.3430 – stronger support and potential demand zone