FX.co ★ GBP/USD

Hello traders. Regarding GBP/USD on Н1. The pair is trading above the day's opening level of 1.3430 and above the daily Pivot level of 1.3424. The main indicators show a bullish trend, and the price is above the MA72 trend line, where volume unloading usually occurs. If the price goes above the level of 1.3460, the pair will continue to rise towards the level of 1.3466 and possibly to 1.3500 and beyond. If the price drops below the level of 1.3460, it will move down to the level of 1.3430 and possibly lower to 1.3410 and below. The pound is trading above the monthly Pivot level of 1.3288 (previous 1.3547), above the weekly Pivot level of 1.3232, and near the daily Pivot level, indicating a bullish sentiment for the pair. The current pivot level for this session is 1.3460. The first resistance level is at 1.3466, and the first support level is at 1.3430.