GBP/USD - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Rejection at 4HR Resistance - Price failed to break above 1.27150, signaling selling pressure. (+2)
✅ Short-term Lower Highs - Market structure showing weakness with minor lower highs. (+1)
✅ Potential Breakdown of 1HR Support - If support at 1.26086 fails, further downside likely. (+1)

🔻 Total Bearish Score: 4

📰 Sources:
Resistance & Price Action - XTB
Market Structure & Bearish Signals - IFC Markets

📈 Bullish Bias

✅ 4HR Uptrend Still Holding - Price respecting the ascending trendline. (+2)
✅ Strong 1HR Support Zone - Buyers defending 1.26086 - 1.25640. (+2)
✅ Bullish Reversal Setup - If price forms a strong rejection at support, upside potential remains. (+1)

🔹 Total Bullish Score: 5

📰 Sources:
Trendline & Support Zones - XTB
Bullish Reversal Patterns - RoboForex

📊 Sentiment & Market Factors

📉 Stronger USD (- Bearish) - U.S. economic data supports USD strength. Source
📈 UK Inflation Concerns (+ Bullish) - Sticky inflation could keep GBP supported. Source
📈 BOE Rate Expectations (+ Bullish) - Bank of England remains cautious on rate cuts. Source

📌 Final Bias: Slightly Bullish (Score: 5 vs 4)