The quotations of the GBPUSD currency pair have recently been moving in an upward trend. However, looking at the H4 interval, we observe a potential change in the trend. The price retreated below the important horizontal zone at 1.2680, resulting from previous price reactions, the average EMA100 and the lower limit of the local 1:1 system (blue rectangles). Today, this level has been tested from below and the price remains below, through which a deepening of the discount is possible. If the negative sentiment continues, a move towards 1.2475, where the next key support from the broad 1:1 geometry (red rectangles) falls, is not excluded.
GBPUSD H4 interval. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
