GBP/USD, Technical Analysis – H4
The pair technically maintains its uptrend for now (valid as long as the medium-term trendline around 1.3420 remains intact).
The pair technically maintains its uptrend for now (valid as long as the medium-term trendline around 1.3420 remains intact). However, the first signs of bullish exhaustion are emerging. Bulls must break the local resistance at 1.3480, where notable profit-taking is occurring. These two levels will be the key focus for traders today.
Key Levels:
□ 1.3420 (medium-term trendline support)
□ 1.3480 (local resistance)
Primary Scenario:
Consolidation within the 1.3420–1.3480 range.
Alternative Scenario:
Breakout of the 1.3420–1.3480 range in either direction.
Analyst Commentary:
Signals of buyer weakness at the 1.3420 support will carry more weight than similar signals at the 1.3480 resistance.
Nikolai Krishtopov ialah Penganalisis Pasaran di Investizo dengan lebih 15 tahun pengalaman dalam industri pasaran kewangan dan lebih sedekad pengalaman berdagang. Bidang tumpuannya merangkumi pasaran forex dan kripto, analisis teknikal, dagangan intraday serta gelagat pasaran.