FX.co ★ Mr_Ambani | GBP/USD

Technical analysis 15 Jully 2025 GBP/USD D-1

The provided text offers a detailed technical analysis of a trading pair, focusing on price action and the MACD indicator. Here's a breakdown of the key points: Current Situation: * Wave Structure: The price is building its order upwards. * MACD: The MACD indicator is currently in the "upper purchase zone," suggesting bullish momentum. Past Price Action and Lessons Learned (June onwards): * Seller's Trap (June): * A large bearish divergence formed on the MACD, indicating weakening upward momentum despite rising prices. * An ascending wedge (a bearish reversal pattern) was broken downwards. * Mirror Level: Support at 1.3490 turned into resistance after a breakdown. Price tested this level from below and began to decline confidently. * Unexpected Weakness in USD: Despite these bearish signals, the US dollar weakened, causing the pair to reverse. * Reversal and Continued Growth: * Price consolidated and closed above 1.3490 again, turning resistance back into support. This signaled a reversal and high probability of continued growth. * The price quickly updated its maximum. * Triple Bearish Divergence: Even with new highs, the bearish divergence on the MACD persisted and strengthened into a triple bearish divergence. This is a strong signal of impending weakness. Recent Price Action and Future Outlook: * Recent Decline: The price has been falling confidently recently, although less sharply than the Euro/Dollar pair. * Retest of Key Levels: The price re-tested the 1.3490 level and an ascending yellow trendline (built from the year's beginning of growth). * Lack of Rebound and Breakthrough: A significant rebound from 1.3490 and the ascending line was expected, but it was minimal, leading to a breakthrough. * Future Prospect: * A rebound upward is still expected from the next "specified target line." * Following this rebound, another decline is anticipated, aiming for the "bottom of the previous growth wave." This is seen as a likely prospect. In summary, the analysis highlights a pattern of bearish divergences and technical breakdowns being overridden by a weakening US dollar. However, the triple bearish divergence on the MACD, combined with the recent breakthrough of a key support level, suggests that a more significant decline is on the horizon, despite potential short-term bounces.