logo

FX.co ★ GBP/USD H4 | Neutral bias

GBP/USD H4 | Neutral bias

GBP/USD H4 | Neutral bias

The GBP/USD chart is currently displaying a neutral momentum and the price could potentially fluctuate between the 1st support and the 1st resistance.

Resistance Levels:

See also: You can open a trading account here

The 1st resistance at 1.27837 is categorized as an "Overlap Resistance", indicating its potential to deter upward price movements. Additionally, the 2nd resistance at 1.28260 is categorized as a "Swing-high Resistance", emphasizing its role as a substantial barrier to further advances.

Support Levels:

On the support side, the 1st support at 1.26267 is recognized as an "Multi-swing-low Support". This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 1.25086 is characterized by a "Pullback Support", reinforcing its significance as a substantial support zone.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account