GBP/USD Technical Analysis – H1
GBP/USD has formed a bearish Over&Under reversal pattern on H1, signaling a potential end to the uptrend. Shorts from 1.3530 target the 1.3430–1.3440 support zone, offering a solid 1:4 risk-reward setup.
A bearish Over&Under reversal pattern has formed. This indicates a likely completion of the bullish trend and supports opening short positions from the previous high at 1.3530. The potential target for these sells is the support area of 1.3430–1.3440.
Key Levels:
□ 1.3530 — resistance / short-entry zone
□ 1.3430–1.3440 — support / primary target zone
Primary Scenario:
Pullback higher toward 1.3530, followed by a sharp reversal lower.
Alternative Scenario:
Sideways consolidation (flat) at current levels.
Analyst Commentary:
Placing pending limit orders in the 1.3530 zone would provide a risk-to-reward ratio of approximately 1:4.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.