Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The GBP/USD pair has successfully reversed its prior bearish trajectory, breaching the 1.3500 resistance ceiling and advancing toward 1.3560 — a development that signals a clear improvement in buying momentum and a shift in market sentiment.
Technical Outlook – 4-Hour Timeframe:
On the short-term horizon, the simple moving averages have re-emerged to provide underlying support, functioning as dynamic support that reinforces the probability of an extended upside move.
Adding to the constructive picture, the Relative Strength Index (RSI) is broadcasting positive signals, lending further weight to the prospect of additional gains over the upcoming period.
Sustained trading above the 1.3550 support floor preserves the bullish bias, with upside targets set at:
- 1.3640 as the initial objective
- Followed by 1.3690 as the subsequent level
On the flip side, a decisive breakdown beneath the 1.3550 support would reignite selling pressure on the pair, paving the way for a potential decline toward:
- 1.3500 as the initial downside target
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: 1.3550 | R1: 1.3640 |
| S2: 1.3505 | R2: 1.3690 |
| S3: 1.3465 | R3: 1.3730 |
