Pound Analysis (Daily Time Frame)
As mentioned in the main scenario of last week’s analysis, GBP/USD found support at the mentioned zone and moved upward. Given the bullish momentum, the key question is whether it can break the upcoming resistance zones and continue higher.
Main Scenario (Higher Probability): Considering the structure of the bullish candles and the steep trend slope, the outlook remains bullish. However, GBP/USD faces a key resistance at 1.30479, and after reaching this area, a corrective move is expected toward the 1.28118, 1.27164, or even 1.25593 zones before continuing its upward trend.
Alternative Scenario (Lower Probability): If buying pressure is strong enough to decisively break the critical 1.30479 resistance zone, after a pullback to this level, the next target for GBP/USD will be the 1.34312 resistance zone.
Pound Analysis (4-Hour Time Frame)
Main Scenario: Given the breakout and stabilization above the 1.28118 resistance zone, the next target for GBP/USD is expected to be 1.30479. However, before this move, a potential pullback to the mentioned zone could occur, followed by a continuation toward the target.
Alternative Scenario: If selling pressure leads to a reversal from the current zone, the first target would be 1.28118. Should this support level be broken and confirmed, the next target will be 1.27164.
Pound Analysis (15-Minute Time Frame)
Main Scenario: The bullish outlook continues in this timeframe. After breaking and stabilizing above the 1.29450 resistance, the next target for GBP/USD is expected to be 1.30479.
Alternative Scenario: If selling pressure breaks below the 1.28951 support, the next targets would be the 1.28662 and 1.28118 zones.