#GBPUSD Market Analysis ⚡️
- Technical: On the 4H chart, #GBPUSD is rebounding from 1.3330–1.3340 support after a strong decline. Price is approaching the 1.3470–1.3525 retracement zone, which aligns with key Fibonacci resistance. A rejection here could resume the bearish wave toward lower levels.
- Trade: Bias stays bearish below 1.3525, targeting 1.3330–1.3260. A break above 1.3600 cancels the bearish view.
- Technical: On the 4H chart, #GBPUSD is rebounding from 1.3330–1.3340 support after a strong decline. Price is approaching the 1.3470–1.3525 retracement zone, which aligns with key Fibonacci resistance. A rejection here could resume the bearish wave toward lower levels.
- Trade: Bias stays bearish below 1.3525, targeting 1.3330–1.3260. A break above 1.3600 cancels the bearish view.
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𝗚𝗕𝗣𝗨𝗦𝗗 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 ⚡️
𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹: Price is rejecting the red supply block, aligning with the broader daily downtrend. Fib projections and structure suggest room for a deeper bearish leg if sellers maintain control.
𝗧𝗿𝗮𝗱𝗲: Watching the 1.3320–1.3340 zone for bearish setups targeting 1.3220–1.3120, invalidation above the supply zone.
#GBPUSD #FOREX
𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹: Price is rejecting the red supply block, aligning with the broader daily downtrend. Fib projections and structure suggest room for a deeper bearish leg if sellers maintain control.
𝗧𝗿𝗮𝗱𝗲: Watching the 1.3320–1.3340 zone for bearish setups targeting 1.3220–1.3120, invalidation above the supply zone.
#GBPUSD #FOREX
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𝗚𝗕𝗣𝗨𝗦𝗗 𝟰𝗛 𝗦𝗛𝗢𝗥𝗧 📉
𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟: The bounce looks like an extended wave (4) correction that failed to reclaim prior supply; structure is still printing lower-highs, so wave (5) downside is the path of least resistance.
𝗧𝗥𝗔𝗗𝗘: Sell rallies into 1.338–1.345 on rejection, targets 1.325 then 1.312, invalidation above 1.350.
#GBPUSD #FOREX
𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟: The bounce looks like an extended wave (4) correction that failed to reclaim prior supply; structure is still printing lower-highs, so wave (5) downside is the path of least resistance.
𝗧𝗥𝗔𝗗𝗘: Sell rallies into 1.338–1.345 on rejection, targets 1.325 then 1.312, invalidation above 1.350.
#GBPUSD #FOREX
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𝗚𝗕𝗣𝗨𝗦𝗗 𝗕𝗨𝗬 𝗦𝗘𝗧-𝗨𝗣 📈
𝗖𝗛𝗔𝗥𝗧: GBPUSD (4H) shows completion of a bearish leg into wave (5) with price reacting from lows. Structure suggests a corrective move toward the depth of correction resistance zone.
𝗠𝗔𝗥𝗞𝗘𝗧: Buy from current levels, targeting 1.3450 – 1.3500, Stop-loss below recent low. Momentum needed; weak push invalidates setup.
#GBPUSD #FOREX
𝗖𝗛𝗔𝗥𝗧: GBPUSD (4H) shows completion of a bearish leg into wave (5) with price reacting from lows. Structure suggests a corrective move toward the depth of correction resistance zone.
𝗠𝗔𝗥𝗞𝗘𝗧: Buy from current levels, targeting 1.3450 – 1.3500, Stop-loss below recent low. Momentum needed; weak push invalidates setup.
#GBPUSD #FOREX
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