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GBP/USD Technical Analysis
The GBP/USD pair has pulled back in a short-term retreat, unfolding as part of a natural profit-taking phase in the wake of the preceding bullish rally.
Technical Outlook – 4-Hour Timeframe:
Across the short-term landscape, the bias leans modestly bullish, underpinned by the price holding above the simple moving averages, which are actively working to propel the pair higher.
This constructive outlook is further reinforced by the Relative Strength Index (RSI), which is broadcasting clear positive signals on the shorter timeframes — reflecting the pair’s ongoing attempts to capture additional upside momentum.
As long as the price maintains its footing above the 1.3500 threshold, the bullish bias remains the favored scenario for today’s session, with 1.3570 set as the initial target, followed by 1.3610 as the subsequent objective.
On the flip side, a slip back below 1.3500 would expose the pair to renewed negative pressure, potentially paving the way for a retest of the 1.3465 support level.
Risk Alert: Risk levels remain elevated amid persistent trade frictions and geopolitical tensions — all scenarios should be considered plausible.
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: 1.3500 | R1: 1.3570 |
| S2: 1.3465 | R2: 1.3610 |
| S3: 1.3430 | R3: 1.3645 |
