FX.co ★ FX-Perfact | GBP/USD

GBP/USD Timeframe H4: The GBP/USD pair's movement on the daily timeframe shows quite interesting dynamics, especially when viewed through the combination of the 100-day Moving Average (MA 100), 200-day Moving Average (MA 200), and the marked horizontal support and resistance lines. Overall, the price appears to be in a recovery phase after experiencing strong bearish pressure since its peak in late January 2026. Trend-wise, the 100-day MA (blue line) and 200-day MA (red line) provide important insights into the medium- to long-term direction of the price movement. The 200-day MA remains flat to slightly upward, indicating that the major trend has not yet fully turned bearish. Meanwhile, the 100-day MA has been sloping and even below the price in recent sessions, indicating a resumption of medium-term bullish momentum. The current price position, which has broken through and remained above the 100-day MA, is an early signal that buying pressure is beginning to dominate the market again. A closer look reveals a strong support area around 1.3150 to 1.3200, which previously served as a significant rebound point after the sharp decline in March. This area has been tested several times and has successfully resisted declines, thus its validity as a demand zone is quite high. Above it, there is minor support around 1.3280–1.3300, which now has the potential to function as a pullback area if a correction occurs in the near term.

On the resistance side, the 1.3480–1.3500 level is a key area that previously served as a consolidation point and is now being retested by the price. A strong breakout above this level opens the opportunity for further upside towards the next resistance level around 1.3570. If bullish momentum persists, the next target could be the 1.3650 to 1.3730 area, which represents a strong supply zone based on the previous price structure. However, it should be noted that this area also has the potential to trigger a significant selling reaction. The latest candlestick structure indicates a fairly consistent bullish impulse, marked by a series of higher lows and higher highs in recent days. This reinforces the indication that the market is in an accumulation phase heading towards an uptrend. However, the price's initial distance from the 100-day moving average (MA) also suggests a possible technical retracement before continuing its upward movement . Overall, the medium-term bias for GBP/USD is bullish as long as the price remains above the 100-day moving average (MA) and does not break below the 1.3300 support area. As long as this condition is maintained, any weakness can be viewed as an opportunity to continue the uptrend. However, if the price falls again and breaks through the 200-day moving average (MA) and key support below, the bullish scenario will be invalidated, and the market could potentially revert to a deeper bearish phase.