GBP/USD continues to trade with a positive bias, maintaining its upward trajectory as intraday price action attempts to establish stability above the 1.3400 level.
Technical Outlook – 4-Hour Timeframe:
Momentum indicators remain supportive of the bullish scenario. Price action continues to hold above key simple moving averages, which are providing dynamic support and reinforcing the potential for further upside. In parallel, the Relative Strength Index (RSI) is trending higher, indicating improving momentum and strengthening buying interest.
As long as the pair sustains trading above the 1.3350 support level, the bullish outlook remains intact. A confirmed break above 1.3400 would pave the way for a move toward 1.3445, followed by 1.3480 as the next upside targets.
On the downside, a break below 1.3350 would invalidate the bullish scenario in the short term, exposing the pair to corrective pressure with 1.3300 emerging as the next support level to watch.
Risk Disclaimer:
Market conditions remain highly sensitive to ongoing trade developments and geopolitical tensions, contributing to elevated volatility. As such, all scenarios remain possible, and prudent risk management is essential.
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: 1.3350 | R1: 1.3445 |
| S2: 1.3305 | R2: 1.3490 |
| S3: 1.3260 | R3: 1.3535 |
Noor Trends News, Technical Analysis, Educational Tools and Recommendations