FX.co ★ KHALISA | GBP/USD

GBP/USD H-4 TECHNICAL ANALYSIS Hello. The new trading session on the Pound opened with a noticeable gap to the downside. Given the number of important economic and political events that took place over the past few days, a much stronger and more impulsive reaction from the market could have been expected. However, despite this bearish opening, price action has remained relatively restrained and lacks the strong volatility that many traders anticipated. This suggests that market participants are still uncertain about the next clear direction and are waiting for confirmation before committing to larger positions. From the bullish perspective, buyers may attempt to close the gap and push the price higher in the near term. To achieve this, they will need to break through and consolidate above the level of 1.34894. If this breakout is successful, the first upside target will be 1.35069. A stable consolidation above this area would strengthen bullish sentiment and open the way for further growth toward 1.35745, where sellers may again attempt to regain control. If we consider the bearish scenario, sellers will need to push the price lower and consolidate below 1.33993. A successful breakdown of this level will make 1.33423 the first downside target. Should the price manage to hold below that area, a deeper decline toward 1.33105 can be expected, confirming that bearish pressure is still dominant in the medium term. On the GBPUSD H4 timeframe, the price has started to move back toward the central area of the Bollinger Bands after previously trying to follow the lower band. To obtain a fresh and reliable signal for continued decline, it is important to wait for another clear touch of the lower band and then observe whether the bands begin to open outward. Such behavior would confirm renewed bearish momentum. From the fractal perspective, the price previously broke through the nearest downward fractal and reached the target corresponding to the February 20th fractal level. However, it failed to consolidate below this point, which weakens the current bearish scenario. For a stronger downward signal, it would be more reasonable to wait for the formation of a new and closer downward fractal. At the same time, a new upward fractal has formed. A breakout and consolidation above this fractal would allow the price to move toward the February 27th fractal at 1.35069. The AO indicator is currently growing in the negative zone, and the absence of a clear peak suggests that the downward movement may continue. To receive a reliable signal for a price increase, it is necessary to wait for the AO to cross above zero and begin actively growing in positive territory. Overall, the Pound remains in a zone of uncertainty. Both bullish and bearish scenarios are possible, and traders should wait for confirmed breakouts and indicator signals before entering positions.