GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This is a GBP/USD (British Pound to U.S. Dollar) 1-hour chart from TradingView, showing a potential bearish setup.

Key Insights from the Chart:

1. Resistance Level (Yellow Zone at ~1.3000):

The price has reached a key resistance zone where it may struggle to move higher.

The chart suggests a possible rejection from this level, leading to a downward move.



2. Support Levels:

A minor support area (Blue Zone) could act as an intermediate stop.

The major support level is at 1.27846, which is the next key target if price drops.



3. Trend & Price Action:

A strong bullish trend has brought GBP/USD to the resistance.

The blue arrows indicate a possible downward move if resistance holds.




Conclusion:

Bearish scenario: If price gets rejected at resistance, it could drop toward 1.27846.

Bullish invalidation: If GBP/USD breaks above resistance, the bearish setup may fail, and a further rally could follow.


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