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GBP/USD H1. The pair is trading below the day's opening level of 1.2910 and below the daily Pivot level of 1.3091. Key indicators show bearish signals and the price is below the MA72 trend line, where volume distribution usually occurs. If the price moves above the level of 1.2836, the pair will continue to rise towards the level of 1.2880 and possibly 1.2910. Below the level of 1.2836, the price will drop to the level of 1.2800 and possibly lower to 1.2765. The pound is trading below the monthly Pivot level of 1.2836 (previous 1.2514), below the weekly Pivot level of 1.2981, and below the daily Pivot level, indicating a bearish sentiment for the pair. The pivot point for this session is the monthly Pivot level of 1.2836. Resistance is at the level of 1.2836, with the first support level at 1.2799.
