GBP/USD – 30M – BUY

The GBP/USD 30-minute chart has fired a cluster of bullish signals, including a Trendline Retreat Up, Bullish Engulfing, and a Golden Cross, alongside momentum indicators such as STOCHRSI KD Cross Up, AO Saucer Bullish, and TEMA Retreat Up. These signals suggest a short-term bounce is underway, with the market attempting to reclaim higher ground after a period of bearish pressure. The confluence of trendline, candlestick, and momentum signals points to a potential shift in sentiment, but the broader picture remains cautious.

Across higher timeframes, the trend is predominantly bearish, with the 15m through 12h charts all showing bearish conditions, albeit with weak trend strength. The daily chart is the only bullish timeframe, which introduces a conflict. The immediate focus is on the nearest resistance at 1.35488; a break above could open the door to further upside, while the nearest support at 1.34824 is the key level to watch for invalidation. Given the strong signal probability (86%) and very strong strength, the bias is for a continued rebound, but traders should remain alert to the higher timeframe bearish alignment.