GBP/USD H4 Forecast Update: The GBP/USD currency pair is poised for a potential bullish reversal on the 4-Hour time frame. Price has tapped into a strong Order Block (OB) and support zone, indicating a high-probability buy opportunity. Key Market Structure Shifts (MSS) and a Break of Structure (BMS) further support the likelihood of upward momentum. Our target for this move lies between 1.28500 – 1.29000, while the critical support area remains at 1.25600 – 1.26500. Stay tuned for this setup as we anticipate a bullish surge toward previous highs.
📈 GBP/USD H4 Time Frame Buy Forecast 📊
🕒 Date: December 13, 2024
⚡ Time Frame: 4-Hour (H4)
🔍 Analysis: GBP/USD is showing a potential reversal from a strong support zone.
🎯 Expectation: Price is likely to push upwards toward the previous highs around 1.28500 – 1.29000 levels.
📊 Strategy: Enter BUY near the OB zone and target the highs while managing risk effectively.
✅ Key Zone: 1.25600 – 1.26500 (Support Zone)
🎯 Target Zone: 1.28500 – 1.29000
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