GBP/USD, Technical Analysis – H4
GBP/USD remains in a short-term uptrend but is nearing a major psychological resistance level that could limit further gains.
The pair maintains a local uptrend but is approaching a significant resistance zone around the round psychological level of 1.3500. Considering it is Friday, when markets typically wind down and quieten ahead of the weekend, the probability of breaking through this barrier appears very low.
Key Levels:
□ 1.3500 — strong psychological resistance
□ 1.3600 — next upside target
Primary Scenario:
Rise toward 1.3500, followed by a downward reversal.
Alternative Scenario:
Flat trading around current levels.
Analyst Commentary:
Long positions are preferable, but profits should be taken at 1.3500.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.