The GBP/USD has been in a strong uptrend since early 2025, rallying from around 1.2100 to a recent peak near 1.3450.
The daily chart shows a pullback from this high, indicating consolidation or a corrective phase. Despite short-term bearish pressure, the broader trend remains intact above key support at 1.3200 and 1.3000.
On the hourly chart, price action reveals a consolidation range between 1.3260 and 1.3400, forming lower highs and signaling potential bearish continuation if support at 1.3320 breaks. Conversely, repeated rejections below 1.3400 without major selloffs suggest buyers may still be present.
The 15-minute chart highlights tight intraday consolidation between 1.3335 and 1.3355, forming a potential bear flag or ascending triangle. A break below 1.3320 could target 1.3280–1.3250.
A breakout above 1.3380–1.3400 may resume the uptrend toward 1.3450–1.3500.
The higher-probability scenario is a bullish continuation, but caution is advised given decreasing momentum.
The daily chart shows a pullback from this high, indicating consolidation or a corrective phase. Despite short-term bearish pressure, the broader trend remains intact above key support at 1.3200 and 1.3000.
On the hourly chart, price action reveals a consolidation range between 1.3260 and 1.3400, forming lower highs and signaling potential bearish continuation if support at 1.3320 breaks. Conversely, repeated rejections below 1.3400 without major selloffs suggest buyers may still be present.
The 15-minute chart highlights tight intraday consolidation between 1.3335 and 1.3355, forming a potential bear flag or ascending triangle. A break below 1.3320 could target 1.3280–1.3250.
A breakout above 1.3380–1.3400 may resume the uptrend toward 1.3450–1.3500.
The higher-probability scenario is a bullish continuation, but caution is advised given decreasing momentum.
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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.