Expected Scenarios for the GBP/USD on the 4-Hour Timeframe

The GBP/USD pair has reached strong selling pressure zones and has already begun to rebound from these zones.

Currently, we have several possible scenarios for the pair's movement on the 4-hour timeframe.

Expected Scenarios

The first scenario is a decline, which is currently the most likely scenario due to reaching the selling pressure zones, as mentioned.

In the event of a decline, the pair may target the 1.3274 level shown on the chart.

The second scenario is an upward move, which requires breaking through the selling pressure zones and closing above them with a 4-hour candlestick.

In the event of an upward move, the pair is expected to target the next selling pressure zones shown on the chart at the 1.3499 level.