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GBPUSD 4H NEW FORECAST
๐ Bullish Scenario (Uptrend)
If GBP/USD stabilizes above 1.2678, it signals a continuation of the uptrend.
Next bullish targets:
1.2700 โ First resistance level.
Break & hold above 1.2700 โ Strong confirmation for more upside.
Further bullish targets:
1.2745 โ Next resistance level.
1.2770 โ Stronger resistance zone.
๐ก Key Takeaway: If GBP/USD stays above 1.2678, expect a rise toward 1.2700, 1.2745, and 1.2770.
๐ Bearish Scenario (Downtrend)
If GBP/USD falls below 1.2650 and stabilizes, it signals a downtrend.
First bearish target:
1.2600 โ First support level.
Break & hold below 1.2600 (for 4 hours) โ Strong confirmation of further downside.
Further bearish targets:
1.2589 โ Next support level.
1.2550 โ Major support zone.
๐ก Key Takeaway: If GBP/USD stays below 1.2650, expect a further decline toward 1.2600, 1.2589, and 1.2550.
๐ Simple Summary:
โ Above 1.2678 โ Uptrend toward 1.2700 โ If 1.2700 breaks, targets 1.2745 & 1.2770
โ Below 1.2650 โ Downtrend toward 1.2600 โ If 1.2600 breaks, targets 1.2589 & 1.2550
โ Break above 1.2700 with confirmation โ Strong bullish continuation
โ Break below 1.2600 with confirmation โ Strong bearish continuation
GBPUSD 4H NEW FORECAST
๐ Bullish Scenario (Uptrend)
If GBP/USD stabilizes above 1.2678, it signals a continuation of the uptrend.
Next bullish targets:
1.2700 โ First resistance level.
Break & hold above 1.2700 โ Strong confirmation for more upside.
Further bullish targets:
1.2745 โ Next resistance level.
1.2770 โ Stronger resistance zone.
๐ก Key Takeaway: If GBP/USD stays above 1.2678, expect a rise toward 1.2700, 1.2745, and 1.2770.
๐ Bearish Scenario (Downtrend)
If GBP/USD falls below 1.2650 and stabilizes, it signals a downtrend.
First bearish target:
1.2600 โ First support level.
Break & hold below 1.2600 (for 4 hours) โ Strong confirmation of further downside.
Further bearish targets:
1.2589 โ Next support level.
1.2550 โ Major support zone.
๐ก Key Takeaway: If GBP/USD stays below 1.2650, expect a further decline toward 1.2600, 1.2589, and 1.2550.
๐ Simple Summary:
โ Above 1.2678 โ Uptrend toward 1.2700 โ If 1.2700 breaks, targets 1.2745 & 1.2770
โ Below 1.2650 โ Downtrend toward 1.2600 โ If 1.2600 breaks, targets 1.2589 & 1.2550
โ Break above 1.2700 with confirmation โ Strong bullish continuation
โ Break below 1.2600 with confirmation โ Strong bearish continuation
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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.