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06 Oct 2025

πŸ’· 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.

πŸ“Š 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: 1.3410–1.3400 (Fib 50%) remains the first defense area.
Below that, 1.3360 (Fib 61.8%) could attract short-term buyers again.

πŸ“ˆ Our bias: Neutral-to-bullish β€” watch for a confirmed 4H candle close above 1.3500 to validate upside continuation.

βš™οΈ Scalper’s note: Avoid overtrading inside the range; wait for a clean breakout to align with momentum.

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