On the GBP/USD H1 chart, the pair is trading near the day's opening level at 1.3265 and close to the daily Pivot level at 1.3275. The main indicators are showing bearish signals, and the price is below the 72-period Moving Average trend line, which usually indicates volume distribution. If the price moves above the 1.3275 level, the pair is likely to continue its upward movement towards 1.3300 and possibly 1.3333. Below the 1.3275 level, the price may decline towards 1.3235 and potentially even lower to 1.3216. The pound is trading above the monthly Pivot level at 1.2836 (previous was 1.2514), above the weekly Pivot level at 1.3216, and near the daily Pivot level, indicating a bullish sentiment for the pair. The key level for this session is at 1.3275. The resistance is at 1.3286, with the first support at 1.3265.
