FX.co ★ Mr_Ambani | GBP/USD

Technical analysis 02 Jully 2025 GBP/USD H-4

Good morning. Yesterday, buyers of the pound renewed the maximum at 1.37700 ut ultimately failed to consolidate there. If they want to try to develop the upward movement once again, they will need to break through and consolidate above the level of 1.37878. If they succeed, the first target will be the mark of 1.38295. If they can hold there during the breakout, the next target for the growth of quotes will be the level of 1.39131. If we talk about the development of the downward movement, sellers will need to break through and consolidate below the level of 1.37031; in case of success, the first target will be the level of 1.36737. The GBPUSD M5 pair 1. TheThe pound on the 5-minute chart is in the central area of the tapes, and the tapes themselves have become horizontal. The movement from here can be continued in any direction, and in order to get a quality signal for the price to rise or fall, it is worth waiting for an active touch of the upper or lower band nd then assessinging whether the bands will open outward or there will be no reaction. 2 - The AO indicator is near the zero mark and does not give us any signals. It will be best to wait for an active increase in the positive or negative zone, which will allow us to talk about the price movement in the direction of this increase. 3.The entry point for purchases in this situation can be considered from the level of 1.37518; the price increase with an active breakout and consolidation can be expected to the level of 1.37625. 4 - Sales can be located at the level of 1.37310; the price fall can continue to the level of 1.37202.