Pound Analysis (Daily Time Frame)
Last week, the GBP showed a strong rebound from the support zone between 1.20999 and 1.21601, climbing to the 1.24891 level. It has now returned to a critical zone that was previously broken.
- Primary Scenario: If GBP can break strongly through the 1.24891 to 1.25751 zone, its next target will be the resistance at 1.28118.
- Alternative Scenario: If the above scenario does not occur and GBP reverses from this area, its next targets will be 1.22935 and then 1.21601.
Pound Analysis (4-Hour Time Frame)
- Primary Scenario: If GBP breaks through and stabilizes above 1.25751, its next target will be the resistance at 1.28118.
- Alternative Scenario: If GBP gets rejected at this level, it could decline toward the 1.22935 support.
Pound Analysis (15-Minute Time Frame)
- Primary Scenario: If GBP breaks above the 1.25018 resistance and stabilizes, its next target will be 1.25751.
- Alternative Scenario: If GBP moves downward, it will face the 1.24482 support level first, and if this level is breached, the next target will be 1.23767.