GBP/USD, Technical Analysis – H4
The local uptrend that followed the breakout of the trendline appears to have completed.
The local uptrend that followed the breakout of the trendline appears to have completed. A decline toward the support levels at 1.3320 and 1.3200 is expected within the current week. A retracement to the pivot zone at 1.3420 is likely first, where selling interest is expected to be strongest.
Key Levels:
□ 1.3420 — Key resistance / sell zone
□ 1.3320 — Primary near-term support
□ 1.3200 — Secondary support target
Primary Scenario:
Decline toward 1.3320.
Alternative Scenario:
Retracement to 1.3420, followed by a reversal lower toward 1.3320.
Analyst Commentary:
The 1.3420 area offers a high-probability zone for placing pending sell orders, as it represents significant resistance and a potential turning point for the bearish resumption.
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.