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GBPUSD 4H NEW FORECAST
Current Market Condition:
Price is at 1.2655, consolidating near the resistance zone (1.2668 - 1.2700).
The market is testing resistance after a strong uptrend.
Bullish Scenario (If Price Breaks Above 1.2700 - Resistance Zone)
1️⃣ If price breaks and closes above 1.2700, it could continue upward.
2️⃣ First target → 1.2735 (next resistance level).
3️⃣ Further upside → 1.2770 - 1.2780 (strong resistance zone).
🔹 Key confirmation: A 4H candle closing above 1.2700 signals strong bullish momentum.
Bearish Scenario (If Price Rejects 1.2700 and Drops Below 1.2620 - Pivot Line)
1️⃣ If price fails to break resistance and falls below 1.2620, bears may take control.
2️⃣ First target → 1.2550 (pivot line).
3️⃣ Further downside → 1.2500
4️⃣ If price breaks 1.2500, a deeper drop toward 1.2410 is likely.
🔻 Key confirmation: A 4H candle closing below 1.2620 and 1.2600 confirms bearish sentiment.
Trading Plan Based on This Analysis:
Buy above 1.2700 → Targeting 1.2735 & 1.2770.
Sell below 1.2620 → Targeting 1.2550 & 1.2500.
Wait for confirmation before entering a trade.
GBPUSD 4H NEW FORECAST
Current Market Condition:
Price is at 1.2655, consolidating near the resistance zone (1.2668 - 1.2700).
The market is testing resistance after a strong uptrend.
Bullish Scenario (If Price Breaks Above 1.2700 - Resistance Zone)
1️⃣ If price breaks and closes above 1.2700, it could continue upward.
2️⃣ First target → 1.2735 (next resistance level).
3️⃣ Further upside → 1.2770 - 1.2780 (strong resistance zone).
🔹 Key confirmation: A 4H candle closing above 1.2700 signals strong bullish momentum.
Bearish Scenario (If Price Rejects 1.2700 and Drops Below 1.2620 - Pivot Line)
1️⃣ If price fails to break resistance and falls below 1.2620, bears may take control.
2️⃣ First target → 1.2550 (pivot line).
3️⃣ Further downside → 1.2500
4️⃣ If price breaks 1.2500, a deeper drop toward 1.2410 is likely.
🔻 Key confirmation: A 4H candle closing below 1.2620 and 1.2600 confirms bearish sentiment.
Trading Plan Based on This Analysis:
Buy above 1.2700 → Targeting 1.2735 & 1.2770.
Sell below 1.2620 → Targeting 1.2550 & 1.2500.
Wait for confirmation before entering a trade.
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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.
Related publications
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.