GBP/USD | If the support fails

  • March 26, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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By analyzing the hourly chart of GBPUSD we can see that after it went below the March 9th NWOG C.E., it just dropped gradually and has failed to recover from it. It dropped to 1.3346, swept the liquidity below the 1.3352 level and now is being traded at 1.3357.

I’d like to see Cable reach the Mar 9th NWOG Low to use it as a support and then go back higher to retest the NWOG’s C.E. at 1.3374.
If the support fails, then the next target will be 1.3331 which is the high of the Bullish Breaker, and finally if the 1.3310 level also fails, we could see further drop to 1.3281.

Targets for GBPUSD in case it bounces back up without reaching the 1.3338 support level: 1.3365, 1.3375, 1.3385 and 1.3395.

Targets is case it reaches the 1.3338 and then bounces back up: 1.3350, 1.3360, 1.3370 and 1.3380.

And finally, targets if the support fails: 1.3330, 1.3320, 1.3310, 1.3300 and 1.3290.