GBP/USD Weekly Forecast – July Week 4
Last week, GBP/USD retested a weekly Fair Value Gap near 1.35900 and responded with a strong bearish engulfing candle — showing clear rejection from the imbalance zone.
With the dollar expected to strengthen this week, we could see a small bullish retracement early in the week toward 1.35000, followed by a bearish swing move targeting at least the 1.31000 support zone.
Bias: Bearish
Key Zones:
• Resistance / Retest: 1.35000
• Target: 1.31000
• FVG Supply: 1.35900
Structure and macro direction both point to GBP weakness continuing.
—
Weekly forecast by Sphinx Trading
Share your bias in the comments.
#GBPUSD #Cable #ForexForecast #SmartMoney #SphinxWeekly #FairValueGap #DollarStrength #PriceAction
Last week, GBP/USD retested a weekly Fair Value Gap near 1.35900 and responded with a strong bearish engulfing candle — showing clear rejection from the imbalance zone.
With the dollar expected to strengthen this week, we could see a small bullish retracement early in the week toward 1.35000, followed by a bearish swing move targeting at least the 1.31000 support zone.
Bias: Bearish
Key Zones:
• Resistance / Retest: 1.35000
• Target: 1.31000
• FVG Supply: 1.35900
Structure and macro direction both point to GBP weakness continuing.
—
Weekly forecast by Sphinx Trading
Share your bias in the comments.
#GBPUSD #Cable #ForexForecast #SmartMoney #SphinxWeekly #FairValueGap #DollarStrength #PriceAction
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.