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26.06.2025 04:57 AMGBP/USD
With the British pound's active rise this morning, the price consolidation above 1.3635 on the daily chart can be considered confirmed. This opens the path to targets at 1.3834 and 1.3935. From which of these levels might a deep correction begin? According to the traditional assessment of sustained pound trends, a reversal is most likely from 1.3935.
However, there is also a broader (and stronger) price channel marked by thick blue lines, with its upper boundary offering several placement options — ranging from 1.3834 to 1.50. Therefore, the pound is no longer moving independently but is now developing in alignment with external markets.
On the four-hour chart, a form of weak divergence has already taken shape. However, unless the price falls back below the 1.3635 level, this divergence is unlikely to materialize. We expect the upward movement to continue, which is in line with the main scenario.
