GBPUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea

💡 Daily Timeframe:

• GBPUSD has been in a Range Bound recently. It touched and rejected from 1.2700 major resistance today.
  
• A peak is formed in daily chart at 1.27150 on 02/26/2025, so more losses to support(s) 1.25107, 1.23609, 1.22589 and minimum to Major Support (1.20981) is expected.
  

💡 Four-hour Timeframe:

• The uptrend is broken, and price is in an impulse wave.
  
• The bearish wave is expected to continue as long as the price is below the strong resistance at 1.2715
  

💡 One-hour Timeframe:

• 1.2640 support is broken now. It will act as a Resistance now!
  
• A strong bearish divergence has also formed in the RSI.
  

Forecast:

1. Correction wave toward the Sell Zone
   
2. Another Downward Impulse wave toward Lower TPs
   

SL: Above 1.2715