FX.co ★ GBP/USD

I am observing the GBPUSD currency pair today and I notice a positive trend forming, which I interpret as a continuation of the upward momentum that began at the buying zone around 1.351. I believe that if this positive trend extends further from the lower level at 1.340, I will expect the first resistance level to be tested at 1.352, and I consider this level significant for short-term trading decisions. I also take into account the possibility of a reverse sell scenario, and I understand that for this scenario to materialize, I need to see sellers push the price down and break the intermediate price range near 1.359. I recognize that if the intermediate level is breached, I can anticipate a channel opening toward the buying zone at 1.341, where I expect bullish interest to re-emerge based on historical price behavior. I pay close attention to consolidation patterns, and I believe that a sell signal will only be triggered if the currency consolidates below 1.351, which I interpret as confirmation that the bulls are losing momentum. I rely on technical indicators in my analysis, and I specifically use the EMA with periods of 13 and 50 to validate my signals, and I am confident that these moving averages provide a reliable confirmation of trend continuation or reversal. I constantly monitor price reactions around key support and resistance zones, and I take into consideration that any breakout above or below these levels can give me an early indication of trend strength or weakness. I acknowledge that market sentiment and historical price data play a crucial role in my decision-making, and I integrate them into my analysis to anticipate possible bullish or bearish scenarios. I focus on the interplay between immediate price action and larger trend structure, and I believe that careful observation of these levels allows me to time my entries and exits more effectively. I am prepared to adapt my strategy if price behavior contradicts my expectations, and I always ensure that my trading plan aligns with both trend signals and EMA confirmations to maximize the potential for successful trades

I am observing that today, amid a downward reversal in the dollar index, I see several currencies, including GBP/USD, turning upward, and I interpret this as the start of potential bullish momentum in the majors over the next couple of days. I am closely monitoring the 4-hour chart, and I believe that if buyers push GBP/USD toward the weekly resistance zone of 1.35280/1.35320, I will expect a refresh and consolidation above this level, which I consider critical for confirming the continuation of daily growth. I anticipate that if this first scenario plays out, I will see another wave of upward movement, and I identify the monthly resistance at 1.37240 as the likely target where I believe buyers will continue to push the quotes. I pay attention to technical tools on the weekly chart, and I note that they point north, so I conclude that growth remains my priority for positioning in the near term. I also recognize the second scenario, where I could see the bulls turning downward from the range of 1.34800/1.35000, because I observed that the daily ascending channel line was briefly broken downward on December 31, and I am trying to determine whether this move was a false breakout or a real reversal. I use 1.35000 as my benchmark for decision-making, and I believe that if there is a breakout above this level, I will favor continued growth, while if there is a rebound downward followed by a decline toward 1.34650/1.34500, I will consider the southern direction likely to dominate. I continuously monitor price behavior around these levels, and I integrate both weekly and daily trend lines into my analysis to validate my expectations. I combine my observations of market structure, resistance, and support levels, and I use these factors to adjust my strategy in real time. I remain attentive to potential reversals, breakouts, and consolidations, and I ensure that I rely on both price action and technical confirmation to determine whether bullish or bearish priorities will dominate the coming sessions