The GBPUSD daily chart exhibits a strong uptrend since late 2022, confirmed by higher highs, higher lows, and a bullish alignment of moving averages. Price recently completed a healthy retracement, finding robust support at the 0.382-0.5 Fibonacci retracement zone (derived from the 1.20867 low to 1.37830 high), coinciding with the 50-day and 200-day Exponential Moving Averages. The current candlestick indicates a powerful bullish bounce from this confluent support area, signaling a likely continuation of the uptrend. A long position is favored, anticipating a break above the immediate resistance at 1.37830 and the psychological 1.4000 level. The stop loss is placed below the recent consolidation lows and the 20-day EMA, offering protection while maintaining a favorable risk-reward profile, with take profits targeted at subsequent historical resistance levels.