GBP/USD Technical Analysis: 4H Chart Trends and Pivot Levels

Source: Dukascopy Bank SA
The technical analysis of the GBP/USD 4H chart reveals a consolidated market structure currently testing the 1.34605 resistance level. With the price hovering near the 80-period Exponential Moving Average, the pair exhibits a neutral to slightly bullish bias, as it has successfully recovered from recent support at 1.33140. The RSI at 55.97 suggests building momentum without yet indicating overbought conditions, providing room for potential upside toward the 1.35730 and 1.36500 technical targets. Traders should monitor the 1.34605 pivot closely; a sustained breakout above this level would confirm a bullish continuation, whereas rejection could see the price re-test lower support zones.



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