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GBPUSD 4H NEW FORECAST
📉 Bearish (Downtrend) Scenario:
If the price trades below 1.2650, it signals a potential downtrend.
Targets for the drop:
1.2600 → First support level.
Break below 1.2600 & stability under it (confirmed by a 4-hour candle close) → Expect further decline to 1.2580.
Key Takeaway: A break and close below 1.2600 confirms bearish momentum toward 1.2580.
📈 Bullish (Uptrend) Scenario:
If the price stays above 1.2650 and holds for a 4-hour candle, buyers remain in control.
Targets for the rise:
1.2700 → First resistance level.
1.2735 → Stronger resistance zone.
Key Takeaway: Stability above 1.2650 confirms an uptrend toward 1.2700 and 1.2735.
📌 Simple Summary:
✔ Below 1.2650 → Expect a drop to 1.2600 and possibly 1.2580
✔ Above 1.2650 → Expect a rise to 1.2700 and possibly 1.2735
✔ Break below 1.2600 with confirmation → Strong bearish move toward 1.2580
✔ Holding above 1.2650 with a 4-hour candle → Buyers in control, targeting higher levels
GBPUSD 4H NEW FORECAST
📉 Bearish (Downtrend) Scenario:
If the price trades below 1.2650, it signals a potential downtrend.
Targets for the drop:
1.2600 → First support level.
Break below 1.2600 & stability under it (confirmed by a 4-hour candle close) → Expect further decline to 1.2580.
Key Takeaway: A break and close below 1.2600 confirms bearish momentum toward 1.2580.
📈 Bullish (Uptrend) Scenario:
If the price stays above 1.2650 and holds for a 4-hour candle, buyers remain in control.
Targets for the rise:
1.2700 → First resistance level.
1.2735 → Stronger resistance zone.
Key Takeaway: Stability above 1.2650 confirms an uptrend toward 1.2700 and 1.2735.
📌 Simple Summary:
✔ Below 1.2650 → Expect a drop to 1.2600 and possibly 1.2580
✔ Above 1.2650 → Expect a rise to 1.2700 and possibly 1.2735
✔ Break below 1.2600 with confirmation → Strong bearish move toward 1.2580
✔ Holding above 1.2650 with a 4-hour candle → Buyers in control, targeting higher levels
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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.