GBP/USD is trading near 1.33577 as it consolidates inside the decision range between 1.33475 and 1.34020 on the 4h chart.
The first scenario (Bullish) forecasts a breakout above 1.34020, followed by a retest before pushing upward toward the primary target near 1.36770.
The second scenario (Bearish) projects a rejection and breakdown below 1.33475, leading to a retest before expanding lower toward the major support target near 1.31512.
Both projected paths rely on how price reacts inside this critical consolidation range before giving a clear directional expansion.
Look for clear confirmation on lower timeframes inside the decision zone before entering trades.
Strictly enforce risk management rules with stops set outside the range in case of a clear breakout or breakdown
The first scenario (Bullish) forecasts a breakout above 1.34020, followed by a retest before pushing upward toward the primary target near 1.36770.
The second scenario (Bearish) projects a rejection and breakdown below 1.33475, leading to a retest before expanding lower toward the major support target near 1.31512.
Both projected paths rely on how price reacts inside this critical consolidation range before giving a clear directional expansion.
Look for clear confirmation on lower timeframes inside the decision zone before entering trades.
Strictly enforce risk management rules with stops set outside the range in case of a clear breakout or breakdown
Join my Telegram for real-time XAUUSD alerts and daily market breakdowns: t.me/gradsgold
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Join my Telegram for real-time XAUUSD alerts and daily market breakdowns: t.me/gradsgold
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.