Hello, this is my analysis of GBPUSD based primarily off the 4H Chart.
Note:
This is a BULLISH Analysis, meaning, I do not confidently anticipate for the price to continue bearish towards this levels, from this current moment in time.
This Analysis is SOLEY intended to be used IF the price were to approach, one of these two shown price points WITH verified rejection
OVERVIEW
This is my overall BULLISH Analysis for GBPUSD, intended for use among assuming BULLISH buyer participants, are looking to position in on the overall daily trend.
This analysis is to be used in the event the price were to approach one of the two listed levels, as of the current relative market conditions. Primarily, this is intended to
serve as two points within the GBPUSD Market, to OBSERVE for the possibility of pivoting.
REASONING
The Analysis is based solely off of the 4H chart. These levels were chosen due to their unvalidated nature, relative to the CURRENT 4H price action.
These two specific points within the 4H chart have yet to be approached for a second time, as of the current market. Considering the price action within the 4H is quite
respectful from a "break-and-retest" perspective as well as the overall bullish nature of the daily time frame, I have identified these points as adequate points
and possible points for the price to pivot.