Pound Analysis (Daily Time Frame)
Over the past week, GBP has been completing its pullback towards the 1.25492 resistance level, but this move has not been fully completed yet. The key question for this week is how strong the buyers will appear.
🔹 Primary Scenario (Higher Probability):
For the pullback to be completed, GBP could find support within the 1.25492 – 1.24848 range and move upwards. If this happens, the next targets will be 1.27189, followed by 1.28131, and possibly even higher levels.
🔹 Alternative Scenario (Lower Probability):
If GBP fails to find support in the mentioned range and selling pressure increases, the first downside target will be 1.23355. If this level is broken, the pair could continue declining towards 1.21591.
Pound Analysis (4-Hour Time Frame)
🔹 Primary Scenario:
Considering the important level where GBP is currently positioned, buyers may step in from this zone. If the price breaks above 1.26225, it could continue rising towards the next resistance at 1.26889.
🔹 Alternative Scenario:
If selling pressure pushes the price below the current support, the next support level at 1.24848 will come into play, which could potentially trigger a reversal. However, if no strong buying reaction occurs at this level, the next downside target will be 1.23355.
Pound Analysis (15-Minute Time Frame)
🔹 Primary Scenario:
After some consolidation within the current range, GBP is expected to make a reversal towards 1.26049. If this level is broken, the next targets will be 1.26225 and 1.26665.
🔹 Alternative Scenario:
If GBP fails to reclaim the 1.26049 level, it could experience a decline first towards 1.25492, and then further down to 1.24848.