Pound Analysis (Daily Time Frame)
During the past week, the Pound managed to stabilize above the resistance it had previously broken at 1.25492, smoothing its path toward the next resistance level.
Primary Scenario (Higher Probability):
Given that the pullback relative to the broken resistance has been completed, it is expected that in the upcoming week the Pound will move toward a higher resistance at 1.28138 or even beyond. However, it is also possible that a minor correction toward 1.24831 could occur before the upward move.
Alternate Scenario (Lower Probability):
If selling pressure in the upcoming week forces the Pound downward from its current level and breaks the support at 1.23355, the next target could be around 1.21625 or even lower.
Pound Analysis (4-Hour Time Frame)
Primary Scenario:
Considering the recent upward thrust and the successful break above the previous resistance at 1.25492, the Pound may break and stabilize above 1.26789, moving toward 1.28131 or higher.
Alternate Scenario:
If the Pound fails to break the upcoming resistance and is rejected downward, it initially has support at 1.25492. Should this support break, the next targets would be around 1.23781 or lower.
Pound Analysis (15-Minute Time Frame)
Primary Scenario:
Given the current support zone, if the Pound manages to stabilize above 1.26390, it could move toward the resistance at 1.26789.
Alternate Scenario:
If the primary scenario does not materialize and the Pound breaks and stabilizes below the support at 1.26248, the next target will be around 1.26057 or even lower.