Pound Analysis (Daily Time Frame)
Given the end-of-year period, a ranging movement for GBP was anticipated. As the new year begins, we need to see what changes this currency may experience. Based on the current situation of GBP and the zone it is in, it is expected to continue ranging in the coming week, oscillating between the levels of 1.24867 and 1.27197.
- Primary Scenario: If GBP breaks and stabilizes below the significant level of 1.24867, it could move comfortably toward 1.23041.
- Alternative Scenario: If GBP moves upward and breaks and stabilizes above 1.28115, the next target would be 1.30443, with potential for higher levels.
Pound Analysis (4-Hour Time Frame)
- Primary Scenario: Considering the loss of the previous support at 1.26131, it is expected that GBP will experience a downward movement from the current levels. If it breaks and stabilizes below the support level of 1.25021, the next target would be 1.23041.
- Alternative Scenario: If GBP reclaims the 1.26131 level and stabilizes above it, it could move upward toward the next resistance at 1.27197.
Pound Analysis (15-Minute Time Frame)
- Primary Scenario: If GBP reclaims the immediate resistance at 1.25802, it could advance to the levels of 1.26131 and 1.26355.
- Alternative Scenario: In case of a decline and a break below 1.25553, the levels of 1.25239 and 1.25055 will come into play.