GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

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This chart shows a technical analysis of GBP/USD on the 1-hour timeframe.

1. Resistance Rejection – Price reached 1.30056 and faced rejection, indicating a possible reversal.


2. Bearish Scenario – The chart suggests a potential drop toward 1.29514 as the first support.


3. Breakdown Possibility – If 1.29514 fails, price could continue falling toward 1.29136, the next key support.


4. Price Action Structure – The drawn arrows indicate a possible retest of 1.29514 before a further decline.



Overall, this chart signals a potential bearish move if price fails to hold above key levels.

Feragatname

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