FX.co ★ dusty24 | GBP/USD

Market Analysis of GbpUsd Pair with Bollinger Bands Indicator on Thursday, June 4, 2026 Seller dominance once again controlled the GbpUsd pair market in yesterday's trading on Wednesday, with strong seller control dominating the market and dampening the bullish momentum attempted by buyers below the seller resistance area at 1.3470-1.3469, which was strongly maintained by sellers, causing the price to fall further into bearish territory.

Monitored using the Bollinger Bands indicator on the Daily timeframe, it is evident that the price or candlestick of the GbpUsd pair is once again dominated by bearish pressure from sellers, pushing the price downwards away from the Middle Bollinger Bands area at 1.3462, supported by the formation of a very strong bearish candlestick and the Bollinger Bands pointing downwards, further indicating that the price weakness is likely to continue in today's trading. Sellers are attempting to push the price further down towards the Lower Bollinger Bands area at 1.3316. If the bearish pressure manages to break below the Lower Bollinger Bands area, the GbpUsd pair price will weaken even further, targeting the nearest demand support area for buyers. Trading the GbpUsd pair on Tuesday, approaching the opening of the European market session, the price movement once again remained under the control of sellers who continued to push the price down towards the nearest buyer support area at 1.3389-1.3388. However, if buyers manage to keep the price above its nearest support, there is a chance for the price to strengthen towards the nearest seller resistance area at 1.3450-1.3451. Trading options for Thursday involve seeking Sell opportunities only by placing pending orders in the following areas: A sell entry is made if sellers successfully break below the nearest buyer support area at 1.3389-1.3388, with the target TP area at 1.3368-1.3367. A buy entry can be made if buyers successfully break above the nearest seller resistance area at 1.3450-1.3451, with the target TP area at 1.3492-1.3493.