FX.co ★ HAPPY KILLER | GBP/USD

GBP/USD MARKET ANALYSIS H-4 Timeframe The GBP/USD market appears to be returning to its uptrend, similar to the previous month's trading period. I've been monitoring the market situation midweek, and the price trend is still under buyer control, similar to the market conditions from last week. Bullish candlesticks have formed on the weekly and monthly timeframes, indicating that the price is trending upward. On Monday, the market started at 0.3410. As of last night's trading, the price appeared to have rallied bullishly to around 1.3585. This morning's trading was quiet. The market's trajectory since last week has been clearly visible, with candlesticks continuing to rise. Monitoring the GBP/USD market indicates that the trend has been bullish since the previous week. The next price movement may rise to test the highest zone around 1.3643. A drastic bullish trend at the start of the week could potentially push the price higher. At the opening of the week, there was indeed an upward movement that helped the price move upward. The 4-hour timeframe shows a significant chance of the upward trend continuing. The price is currently moving slowly, but it might still remain above the 100-period simple moving average zone, which I believe signals a bullish trend at the beginning of the month. Therefore, based on recent market conditions, I predict that sellers will continue to dominate the market for the GBP/USD pair. There's still a chance the price will continue its uptrend for the next few days. The success of buyers in thwarting sellers' attempts to lower the price to a lower zone seems likely. Trading recommendation: BUY (4-Hour Chart) {"data-align":"none","data-linktype":"1","data-size":"full","data-tempid":"temp_5083942_1753327673409_697","title":"IMG_20250724_082736.jpg"}