Forex

GBPUSD Extends Rally As Bullish Impulse BuildsDec 9, 2025

Cable is coming nicely to the upside, pushing well above the 1.3251 level and trendline resistance, and also breaking out of the base channel. This suggests we are in a third leg, and if this is wave three of an impulse, then the higher-degree correction has ended.

So we can expect more upside, with the next potential resistance for the current wave three at the 1.3474 to 1.3525 area, just be aware of wave (4) pullback in the meantime.

Later on pair can even revisit 2025 highs. A drop back beneath 1.3128 would invalidate the current bullish interpretation.

GBPUSD Extends Rally As Bullish Impulse Builds GBPUSD 4H Chart
GBPUSD 4H Chart

Cable keeps trading in an intraday corrective pullback, which we see it as an abc correction within wave 4 that can find the base around 1.3300 level, so soon we may see a bullish resumption within wave 5 of (3) towards 1.34x area

GBPUSD Extends Rally As Bullish Impulse Builds GBPUSD 1H Chart
GBPUSD 1H Chart

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