On the H1 chart of GBP/USD the market has transitioned from a short‑term downtrend (mid‑June 1‑2) into a clear bullish swing. After a dip to a low of 1.3412, the pair forged higher lows at 1.3415‑1.3423 and higher highs up to 1.3432, indicating positive momentum. Volume, though modest, has risen steadily in the last three candles, confirming the buying pressure. The recent candle closed at 1.34297, comfortably above the previous swing low, which makes a stop‑loss just below 1.3400 a logical defensive level. The next resistance lies near the prior high around 1.3469‑1.3470, offering a realistic profit target. With the…

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