GBPUSD Below 1.2600 is the downward trend
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GBPUSD 4H NEW FORECAST
Bullish Setup (Breakout Confirmation Needed)
GBP/USD is testing the 1.2637 resistance area. If price breaks above and holds, we can expect further upside momentum.
📌 Entry:
Buy on a confirmed breakout and 4H close above 1.2637.
🎯 Targets:
Take Profit 1 (TP1): 1.2660 (First resistance).
Take Profit 2 (TP2): 1.2700 (Major resistance).
Below 1.2600 (Pivot Line) for a safe invalidation.
Bearish Setup (Rejection & Reversal)
If price fails to break 1.2637 and forms a bearish rejection (e.g., wick or engulfing candle), a short trade could be valid.
📌 Entry:
Sell if price rejects 1.2600 and confirms a downturn.
🎯 Targets:
Take Profit 1 (TP1): 1.2550 (First support).
Take Profit 2 (TP2): 1.2500 (Key support).
Final Thoughts
✅ Bullish Scenario (High Probability): A breakout above 1.2637 opens room to 1.2660 - 1.2700.
❌ Bearish Scenario: Rejection at 1.2600 could trigger a drop to 1.2550 - 1.2500.
📊 Confirmation Required: Wait for clear breakout or rejection signals before entering.
GBPUSD 4H NEW FORECAST
Bullish Setup (Breakout Confirmation Needed)
GBP/USD is testing the 1.2637 resistance area. If price breaks above and holds, we can expect further upside momentum.
📌 Entry:
Buy on a confirmed breakout and 4H close above 1.2637.
🎯 Targets:
Take Profit 1 (TP1): 1.2660 (First resistance).
Take Profit 2 (TP2): 1.2700 (Major resistance).
Below 1.2600 (Pivot Line) for a safe invalidation.
Bearish Setup (Rejection & Reversal)
If price fails to break 1.2637 and forms a bearish rejection (e.g., wick or engulfing candle), a short trade could be valid.
📌 Entry:
Sell if price rejects 1.2600 and confirms a downturn.
🎯 Targets:
Take Profit 1 (TP1): 1.2550 (First support).
Take Profit 2 (TP2): 1.2500 (Key support).
Final Thoughts
✅ Bullish Scenario (High Probability): A breakout above 1.2637 opens room to 1.2660 - 1.2700.
❌ Bearish Scenario: Rejection at 1.2600 could trigger a drop to 1.2550 - 1.2500.
📊 Confirmation Required: Wait for clear breakout or rejection signals before entering.
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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.