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GBP/USD Technical Analysis
The GBP/USD pair managed to register modest gains during the previous trading session after successfully securing support at the 1.3540 level.
Technical Outlook – 4-Hour Timeframe:
With respect to intraday dynamics, the simple moving averages have resumed their role as dynamic support beneath the price, reinforcing the continuation of the prevailing daily uptrend.
The Relative Strength Index (RSI) is likewise broadcasting clear positive signals, mirroring the gradual improvement in bullish momentum and lending weight to the constructive scenario over the current period.
Sustained trading above the 1.3545 support floor preserves the bullish bias, with upside targets set at:
- 1.3645 as the initial objective
- Followed by 1.3700 as the subsequent target
Conversely, a decisive break beneath the 1.3540 support would reignite the bearish trend, paving the way toward:
- 1.3480 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: 1.3540 | R1: 1.3650 |
| S2: 1.3480 | R2: 1.3700 |
| S3: 1.3435 | R3: 1.3750 |
