The market never lies, it simply reflects behaviour. And right now, the behaviour around GBP/USD suggests one thing: bearish momentum.
As seen in this clean 4H chart, price failed to hold above the key horizontal resistance zone and now showing signs of weakness after a retest. I’ve marked a potential bearish projection (red arrow) based on:
Key Technical Factors:
Rejection from a prior structure zone
Clean lower highs forming
Breakdown and retest of minor support
Room below toward - near 1.30300 (next yellow line)
This setup aligns with a potential swing move down toward the next area. If price follows through, we could see a solid continuation to the downside in the coming sessions.
Patience and discipline over prediction. Let price confirm the story it’s telling.
As seen in this clean 4H chart, price failed to hold above the key horizontal resistance zone and now showing signs of weakness after a retest. I’ve marked a potential bearish projection (red arrow) based on:
Key Technical Factors:
Rejection from a prior structure zone
Clean lower highs forming
Breakdown and retest of minor support
Room below toward - near 1.30300 (next yellow line)
This setup aligns with a potential swing move down toward the next area. If price follows through, we could see a solid continuation to the downside in the coming sessions.
Patience and discipline over prediction. Let price confirm the story it’s telling.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.