Direct answer
Momentum remains strong after breaking key resistance. Higher lows suggest sustained buying interest into 1.305.
Most likely bullish catalysts
Fed hawkish pivot
Improving fed hawkish pivot can support a stronger bid in GBP/USD.
Weak UK data
Improving weak uk data can support a stronger bid in GBP/USD.
Risk-off shift
Improving risk-off shift can support a stronger bid in GBP/USD.
What confirms the rally
- Confirm the move is supported by bank of england expectations rather than a thin short squeeze.
- Check whether leadership across related forex markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.