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📊 GBPUSD Technical Analysis (4H Timeframe)
The overall trend is decisively bullish, characterized by a series of higher highs and higher lows. The price is currently trading well above the EMA 200 (black line), which maintains a positive slope, confirming long-term upward momentum 📈. While the EMA 50 (red line) is currently acting as immediate dynamic support, we see a slight exhaustion in the last few candles near the recent peak. The price is presently in a minor corrective phase (wave 5), testing the strength of the buyers near the 1.34753 USD level. As long as the price holds above the previous broken resistance turned support at 1.34200 USD, the bullish structure remains intact for a continuation toward the next measured move 🚀.

🔑 Key Levels to Watch:
  • Target Resistance 1: 1.35250 USD (Recent Swing High) 🎯
  • Target Resistance 2: 1.36000 USD (Major Grey Box) 🚩
  • Major Upside Target: 1.37290 USD (Next Structural Level) 🏆
  • Immediate Support: 1.34200 USD (Grey Box/Flip Zone) 💡
  • Intermediate Support: 1.33100 USD & 1.32000 USD (Dashed Lines) ⚡
  • Primary Demand Origin: 1.30300 USD (Main Grey Box) 🛡️

Aviso legal

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