GBPUSD: Structural Breakout Sparks Bullish Momentum Amid US-Iran Talks and Key Resistance Tests
Over the past three trading days, GBPUSD has fluctuated within the 1.34 to 1.35 range, closing yesterday at 1.35072, showing resilience against the USD. The market mood shifted notably on renewed US-Iran peace negotiations that weakened the US Dollar Index (DXY) near 98.10, boosting risk appetite and lifting both the Pound and Euro. Despite some headwinds from UK economic growth concerns, stable volume and a confirmed structural breakout on the daily chart suggest a medium-term bullish bias. Today’s UK Consumer Price Index (CPI) and core CPI releases will be key in confirming the continuation of this momentum. Investors should watch closely as GBPUSD trading outlook turns cautiously bullish with critical support and resistance levels to monitor.


