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GBP/USD price outlook: British Pound/US Dollar rebounds from 0.618 arc

British Pound/US Dollar (GBP/USD): Arc cycle analysis™

Chart

Overview: Based on Arc Cycle Analysis applied to the 2h chart, British Pound/U.S. Dollar has rebounded from the 0.618 Resistance Arc within the current Arc Cycle. The rebound confirms a bearish reaction and opens the potential for continued movement toward the target price.

Metric

Reading

 Market Bias

Bearish

 Preferred Scenario

Decline Toward Target Price

 Primary Target Zone

1.3170

 Scenario Invalidation

Sustained close above 1.3250

 Current Arc Level

Below Resistance Arc (0.618)

 Cycle Status

Rebounding From Resistance Arc

 Arc Integrity

Strong

Market outlook

Price has rebounded from the 0.618 Resistance Arc, confirming that the Arc continues to act as a resistance boundary within the current Arc Cycle. Continued bearish momentum could drive price toward the primary price target at 1.3170.
Conversely, a sustained 2h close above 1.3250 would invalidate the bearish scenario.

Author

Mohamad Gharib

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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