A strong opportunity awaits the GBP/FR pair.

The GBP/FR pair has rebounded to test new supply zones near 1.09660 after its previous sharp decline.

Currently, we have several possible scenarios for the pair's movement on the 4-hour timeframe, based on which the pair is expected to move.

Expected Scenarios

The first and most likely scenario is a decline in the pair if the upward trend is broken and the price closes below it.

In the event of a break and close below this level, we expect to see a drop to 1.0890 and then 1.0854, respectively.

The second scenario is a continuation of the upward trend, but this is contingent on breaking through the supply zones and closing above them with a 4-hour candlestick.

If the upward trend continues, we expect to see a rise to the targets of 1.10600 and 1.1110, respectively.