# GBP/USD Bullish Shift

> Saxo chart shows GBP/USD breaking down after Oct 29 consolidation.
- Title: GBP/USD Bullish Shift · TradingView | Shortify
- Summary: Saxo chart shows GBP/USD breaking down after Oct 29 consolidation. GBP/USD broke resistance at 1.34192 on Oct 29, 20, with bullish momentum expected to…
- Keywords: gbp, usd, saxo, chart, bullish, consolidation, rejection, price, business, finance, Shift, TradingView
- Source: TradingView — https://tradingview.com/chart/GBPUSD/LMZ0yQzx-Executive-Summary-GBP-USD-Daily-Saxo-Chart-date-Oct-29-20
- Published: 2026-10-28T20:35:19+00:00
- Read time: 1 min
- Topics: gbp, usd, saxo, chart, bullish, consolidation, rejection, price, business, finance
## Market Structure
Price dropped from 1.36700 to 1.31372 low before rebounding to 1.34192 high.
## Trade Plan
Entry zone 1.32782 to 1.32449 with stop loss below 1.31782 and take profit at 1.35680.
## Key Levels
Resistance at 1.34192, support at 1.32782, and invalidation below 1.31782.
## Key takeaway

GBP/USD broke resistance at 1.34192 on Oct 29, 20, with bullish momentum expected to continue.