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11.08.2025 10:25 AM
On the hourly chart, GBP/USD on Friday made two rebounds from the 1.3425 level, and on Monday continues moving upward toward the 76.4% retracement level at 1.3470. A rebound from this level would work in favor of the U.S. dollar and a pullback toward 1.3425 and the support zone of 1.3357–1.3371. A consolidation above 1.3470 would increase the likelihood of further growth toward 1.3530 and 1.3579. The wave structure remains “bearish.” The last completed upward wave broke the highs
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