Expected Scenarios for GBP/FRAN Movement on the 4-Hour Timeframe

The GBP/FRAN pair is moving sideways on the 4-hour timeframe, confined between supply and demand zones.

The pair is expected to break out with the release of US dollar news in the coming hours, so please pay close attention.

Expected Scenarios

Scenario 1: Continuation of the upward trend, provided the price breaks through the supply zones and closes above them on a 4-hour candle.

An upward move is expected towards the targets indicated on the chart at 1.09600 and 1.10000, respectively.

Scenario 2: Downward movement, provided the price breaks through the upward trend and the demand zones and closes below them on a 4-hour candle.

A downward move is expected towards the targets indicated on the chart at 1.07900 and 1.07400, respectively.