π· GBP/USD Technical Analysis β Key Levels in Focus
The pair continues to trade sideways with no strong momentum, as the RSI on the 4H chart remains near 50, signaling indecision among traders.
π Technical Snapshot: Resistance zone: 1.3500 β confluence of the 20-day & 100-day SMAs, plus additional resistance from the 100 & 200-period SMAs on 4H chart. A clear breakout above 1.3500 could invite technical buyers, targeting 1.3550 (Fib 23.6%) and 1.3600 (round level). Support zone: 1.3410β1.3400 (Fib 50%) remains the first defense area. Below that, 1.3360 (Fib 61.8%) could attract short-term buyers again.
π Our bias: Neutral-to-bullish β watch for a confirmed 4H candle close above 1.3500 to validate upside continuation.
βοΈ Scalperβs note: Avoid overtrading inside the range; wait for a clean breakout to align with momentum.
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