Is the British Pound about to take off? This bottom-fishing opportunity is strikingly similar to Bitcoin before a bull market starts.

The target for GBP/USD is set high: aiming for 1.38, just a 2%+ increase away! The UK's economic outlook has been revised upwards, the central bank's stance is steady, and the interest rate differential is significant. Meanwhile, the US is facing expectations of rate cuts and fiscal challenges, putting pressure on the dollar, while the pound bulls seem to have received divine assistance.

Key trading focus: Hold above 1.3500 = there is hope.

If it breaks = defense.

If it suddenly hits 1.3600 = bulls ignite, charging straight to 1.38!

Of course, don't overlook potential pitfalls: if the Federal Reserve suddenly turns hawkish or if there are issues in the Middle East, the safe-haven dollar could strike back at any time.