FX.co ★ Mr_Ambani | GBP/USD

Technical analysis 21 May 2025 GBP/USD H-4

Here we will see how the negotiations between Britain and the EU will proceed, although they have been going on for several years now and cannot be completed. They constantly receive some new controversial issues. Well, and on Wednesday at the opening of Europe, the publication of inflation in Britain will give the main movement of the day, since then the news background will be practically empty. Although today in America the news background was also empty, we received activation of sellers of the US dollar. There was a damping, but after the market opened, buyers became active again and got growth against the US dollar across the entire market, and even more so for GBP/USD; they got a rebound from EMA20, which is at 1.3340, although Monday's maximum, which is at 1.34, has not yet been rewritten. There are options either to send from the current GBP/USD with a test of the lower border of the "ascending wedge" or growth with a test of the annual maximum, which is at 1.3440, and there we can already see a signal to sell. But we are waiting for inflation statistics, and here they are expecting exactly the growth of the indicator, but let's wait for the publication of the data. In the "wedge" structure, it turns out that the sixth wave of growth is underway, and on the seventh, there may be just an exit from the figure downwards. And there may be a work-off with the formation of a formation in the form of a "double top."