20/09/2021
Welcome to this analysis about GBPUSD and the 4-hour timeframe perspective. GBPUSD in recent times has shown up with important determinations that defined the whole structure as I discovered here. Therefore, as when looking at my chart we can watch there how GBPUSD completed this main ascending-channel-formation as a bear-flag bearishly to the downside after completing the ABC-wave-count within the bear-flag. Now as GBPUSD is also below the 300-EMA marked in red here this is a sign of bearish continuation for GBPUSD and it is likely to continue bearishly as it is shown in my chart till the lower levels have been reached marked in my chart in the dynamic target-zone in blue from where GBPUSD needs to show how it continues from there on and if there comes a potential stabilization or the next bearish setup. There is good potential given that GBPUSD stabilizes in this zone as there are also some great supports within there, it will be an interesting development.
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Information provided is only educational and should not be used to take action in the markets.
