GBPUSD| BELOW PIVOT LINE

For the price to confirm a potential upward movement, it must break above the 1.2624 level and close a 4-hour candle above it. Such a breakout would signal bullish momentum, with the next target set at 1.2729.

However, if the price remains confined within the current channel and fails to surpass the 1.2624 resistance, the bearish trend will remain dominant. In this scenario, the price is expected to decline further, initially targeting 1.2530, with a potential extension toward the next support level at 1.2433. This downward movement would indicate continued selling pressure and a lack of bullish confirmation.

Tendency Keys: 1.2624
Resistance Line 1.2624, 1.2729, 1.2808
Support Line: 1.2530, 1.2433, 1.2310