GBPusd for CMCMARKETS Updated: GBPUSD for MR_gold2 — TradingView

� Comprehensive analysis of GBP/USD

1️⃣ Technical Analysis

• General trends:
◦ Bearish in the medium to long term
◦ Price is still moving within a clear descending channel
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• Current trends:
◦ Bullish rebound from channel lower boundary
◦ Price currently faces strong dynamic resistance (channel ceiling)
•
• Average:
◦ Priced below the important average price for large frames
◦ Any current uptick is considered a correction rather than a reversal
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📉Technical Summary:
The main trend is downward, the current upward trend is weak, and there is a pullback momentum.

2️⃣ Elliott Wave Analysis

• Most likely scenario:
◦ The end of the bearish shock wave
◦ Current Up = Wave B or 4 Corrective Wave
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• Expected:
◦ A new downward wave (C or 5) appears after the correction is completed
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🔄 Next wave: Drop towards lows below 1.3200

3️⃣Time analysis

• Time compatibility:
◦ Price has reached a time resistance area (previous period)
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• Most:
◦ The end of the retracement falls in this time zone
◦ Current reversal weight
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⏱️Time supports the decline, not the continuation of the rise

4️⃣ Numerical Analysis (Numbers/Fibonacci)

• Fibonacci:
◦ Price is at the 61% – 65% correction level of the last leg down
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• This area:
◦ Ideal digital sales territory
◦ Corresponds to channel resistance
•

📐Powerful number matching supports sales

5️⃣Fundamental analysis

• Dollar:
◦ Relatively tight monetary policy support
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• GBP:
◦ Economic weakness and currency uncertainty
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• Cash difference:
◦ Favor the U.S. dollar
•

📰 Fundamentals support the pound’s continued pressure

6️⃣ Price Action

• Price Action:
◦ Hesitation candle near resistance level
◦ Clear overhead shadows
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• Failure to close above resistance
• Midsize frames are significantly overbought

📊 Negative price action at peak

7️⃣ Support and resistance

🔴Resistor

• 1.3480 – 1.3520 (strong resistance/channel ceiling)
• 1.3650
• 1.3800

🟢Support

• 1.3320
• 1.3200
• 1.3050
• 1.2800 (far target)

8️⃣ Technical model

• Descending channel
• Model:
◦ Pull back to channel upper limit
•
• No confirmed hacks yet

9️⃣ Digital model

• Digital reversal pattern completed at 0.646 – 0.65
protocol:
◦ Fibonacci + Channel + Historical Resistance
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🔟 Harmonic model

• Probability:
◦ Bearish Bat or Gartley Pattern
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• Reflective area:
1.3450 – 1.3520
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1️⃣1️⃣Supply and demand areas

• 🟥Strong Supply Zone: 1.3450 – 1.3600
• 🟩 Demand area: 1.3200 – 1.3050

1️⃣2️⃣ Confirmation level

• Passive immobilization:
◦Break through 1.3320
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• Positive (weak) fixation:
◦ Daily closing price above 1.3600
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1️⃣3️⃣Pivot area

• Current key areas:
1.3400 – 1.3500
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• Get out of trouble:
◦ Bottom = Sell
◦ Highest = delayed landing only
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