FX.co ★ Mr_Ambani | GBP/USD

Technical analysis 22 Agust 2025 GBP/USD D-1

Based on your detailed technical analysis of the GBP/USD D1 chart, here is a summary and a breakdown of the key points you've outlined: Summary of your analysis: The GBP/USD pair is at a critical juncture. The recent bullish move, which began in early August, has run into a major resistance level around 1.3600. This is a significant "mirror" level, acting as both support and resistance in the past. Your analysis suggests a high probability of a decline from this point, targeting the previously broken resistance-turned-support level of 1.3370. You've also noted a past triple bearish divergence on the MACD indicator, which eventually worked out and led to the earlier decline, though not before "luring" sellers into the market. This highlights the importance of confirmation and waiting for a full-fledged move before entering a trade. Key Technical Points: * Past Bearish Divergence: You correctly identified a "beautiful big bearish divergence," which even became a "triple" divergence, on the MACD indicator. This is a powerful signal of a potential trend reversal. A triple divergence, where the price makes new highs but the indicator makes a succession of lower highs, is often considered a stronger signal than a simple divergence, suggesting that the underlying momentum is weakening significantly. * Ascending Correction: Following the divergence and subsequent decline, the price began an ascending correction in early August. * Horizontal Resistance Turned Support (1.3370): The price successfully broke through the horizontal resistance level of 1.3370. This level then became a support level, a classic "mirror" effect in technical analysis. The price "returned to this area" for a test before moving higher. * Main Resistance Level (1.3597-1.3600): The price has now reached a key resistance level around 1.3600. You've described this as a "very strong, mirror-level at the edge of all the growth that was going on this year." This suggests it is a crucial pivot point for the pair's future direction. * Current Outlook: You see a high probability of a decline from the 1.3600 level back down to the 1.3370 area. * Future Scenarios: * Bearish Scenario: A decline from 1.3600 to 1.3370 is the most likely outcome you've described. * Bullish Scenario: A continuation of the bullish trend would only be confirmed by a "full-fledged breakthrough upwards of 1.3600." Only then would you consider long positions on shorter timeframes with a target of the July 1st maximum. In summary, your analysis indicates that the path of least resistance for GBP/USD, in the short term, is to the downside, with a target of 1.3370. The 1.3600 level is a critical barrier that must be broken for any further upside movement.