Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The GBP/USD pair is showing a short-term recovery, with upward price action attempting to offset losses from previous sessions.
Technical Outlook – 4-Hour Chart
Simple moving averages have shifted into a supportive role, providing positive momentum and encouraging intraday upside attempts. The Relative Strength Index (RSI) is also trying to regain momentum. However, despite these improvements, the broader corrective downward wave continues to dominate the pair’s overall structure, keeping downside risks in play.
Preferred Technical Scenario
As long as daily trading remains capped below the psychological 1.3700 resistance level, the bearish bias remains the most likely outcome. Under this scenario, downside targets are seen at 1.3635 initially, followed by 1.3600.
On the other hand, a sustained move back above 1.3700 would temporarily invalidate the bearish bias and could trigger a recovery toward 1.3730, with further upside potential toward 1.3770.
Caution:
Market conditions remain high-risk amid ongoing trade and geopolitical tensions, and all scenarios remain possible.
Trading CFDs involves risks, and therefore all scenarios may be plausible. The information provided above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.3635 | R1: 1.3730 |
| S2: 1.3585 | R2: 1.3770 |
| S3: 1.3540 | R3: 1.3820 |
