- July 23, 2026
- Posted by: EWGFX
- Category: Technical analysis
By examining the 4H chart of GBPUSD we can see that after sweeping the major buyside liquidity above the 1.3553 level it has been on a bearish run and there are no signs as to when it might stop dropping. Currently, GBPUSD is being traded at around 1.3367 level.
I expect further drop for Cable, going towards the liquidity pool below the 1.3342 level and then towards the liquidity pool below the 1.3322 level, sweeping the liquidities there and then drop towards the 4H IFVG High at 1.3295 level, using there as a possible reversal point.
Considering the geopolitical tensions, Cable may continue its bearish run for the time being, unless another ceasefire is announced or the war is called over. Otherwise, it is not very likely for GBPUSD to start an upwards move for the time being.