Update Analysis of #GBP/USD Time frame H4:- Good morning and a good start to the trading week! Interesting trading openings, some incomprehensible spikes all around While the GBP/USD pair was trading higher during the Asian session, prices on the 4-hour chart broke above the moving average and back to the 1.2525 resistance level, which means.. . Moderate. ,,,It doesn't meet my expectations. If the bulls can break above the 1.25 25 level and close at least one four-hour candle above this level, there is a possibility that the bullish movement will continue to reach the 1.2595 resistance level or higher to reach the 1.2665 level. There are now no fundamental factors showing further weakness for the US dollar, so I still favor a bounce from 1.2525 and resume the move south, with the possibility of discovering support. The level is 1.2438, and when it breaks down, the bears will work on reducing the limits of the current trading range to the level of 1.2389. {"data-align":"none","data-size":"large","data-tempid":"temp_4996072_1714442533862_84"} Today's economic calendar lacks strong news from the US and UK, so there does not appear to be much activity expected. After opening the new week, the pair tried to continue its decline towards the main support level of 1.2447, where it headed upward again towards the resistance level of 1.2570, which is the main resistance level. When it collapses, the pair will return and the pair will continue to correct further, at least towards 1.2680, but it may not have breached 1.2570 yet. The husband can do that. It maintains the possibility of a decline during the day. There is no confirmation yet of continuing the upward trend, but there is also no reversal of the decline towards the main support level 1.2447, so the trading conditions have not yet been met, which were considered yesterday.
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