GBPUSD H4 ANALYSIS

📊 GBPUSD H4 – Technical Analysis

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

🔹 Support: 1.3200–1.3250

🔹 Resistance: 1.3440–1.3480

🔹 Upside Target: 1.3440–1.3480

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.