GBP/USD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Rejection at 4HR Resistance - Price failed to break above 1.27150, signaling selling pressure. (+2)
✅ Short-term Lower Highs - Market structure showing weakness with minor lower highs. (+1)
✅ Potential Breakdown of 1HR Support - If support at 1.26086 fails, further downside likely. (+1)
🔻 Total Bearish Score: 4
📰 Sources:
Resistance & Price Action - XTB
Market Structure & Bearish Signals - IFC Markets
📈 Bullish Bias
✅ 4HR Uptrend Still Holding - Price respecting the ascending trendline. (+2)
✅ Strong 1HR Support Zone - Buyers defending 1.26086 - 1.25640. (+2)
✅ Bullish Reversal Setup - If price forms a strong rejection at support, upside potential remains. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Trendline & Support Zones - XTB
Bullish Reversal Patterns - RoboForex
📊 Sentiment & Market Factors
📉 Stronger USD (- Bearish) - U.S. economic data supports USD strength. Source
📈 UK Inflation Concerns (+ Bullish) - Sticky inflation could keep GBP supported. Source
📈 BOE Rate Expectations (+ Bullish) - Bank of England remains cautious on rate cuts. Source
📌 Final Bias: Slightly Bullish (Score: 5 vs 4)
✅ Rejection at 4HR Resistance - Price failed to break above 1.27150, signaling selling pressure. (+2)
✅ Short-term Lower Highs - Market structure showing weakness with minor lower highs. (+1)
✅ Potential Breakdown of 1HR Support - If support at 1.26086 fails, further downside likely. (+1)
🔻 Total Bearish Score: 4
📰 Sources:
Resistance & Price Action - XTB
Market Structure & Bearish Signals - IFC Markets
📈 Bullish Bias
✅ 4HR Uptrend Still Holding - Price respecting the ascending trendline. (+2)
✅ Strong 1HR Support Zone - Buyers defending 1.26086 - 1.25640. (+2)
✅ Bullish Reversal Setup - If price forms a strong rejection at support, upside potential remains. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Trendline & Support Zones - XTB
Bullish Reversal Patterns - RoboForex
📊 Sentiment & Market Factors
📉 Stronger USD (- Bearish) - U.S. economic data supports USD strength. Source
📈 UK Inflation Concerns (+ Bullish) - Sticky inflation could keep GBP supported. Source
📈 BOE Rate Expectations (+ Bullish) - Bank of England remains cautious on rate cuts. Source
📌 Final Bias: Slightly Bullish (Score: 5 vs 4)
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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.
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.