GBPUSD H4 ANALYSIS

๐Ÿ“Š GBPUSD H4 โ€“ Technical Analysis


EURUSD remains under bearish pressure, trading near 1.3246 after a sharp decline. Price is testing a key support zone around 1.3200โ€“1.3250, where a short-term bullish rebound may develop.


๐Ÿ”น Support: 1.3200โ€“1.3250

๐Ÿ”น Resistance: 1.3440โ€“1.3480

๐Ÿ”น Upside Target: 1.3440โ€“1.3480


A confirmed bounce from support could trigger a recovery toward resistance. However, a breakdown below 1.3200 may extend the bearish move.


Key Insight: Watch for price confirmation at support before considering a bullish recovery. Proper risk management is essential.

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