FX.co ★ GBP/USD

For GBP/USD H1. The pair is trading above the daily open level of 1.3395 and above the daily Pivot level of 1.3391. The main indicators are pointing north and the price is above the MA72 trend line, where unloading by volume usually takes place. Above the 1.3400 level, the pair’s rise will continue towards 1.3425 and possibly 1.3444 and higher. Below the 1.3400 level, the price will drop to 1.3389 and possibly lower to 1.3371 and below. The pound is trading above the monthly Pivot level of 1.3294 (previous 1.3472), above the weekly Pivot level of 1.3389 and above the daily Pivot level, which tells us the pair has a bullish (northbound) bias. The fork at this hour of the session is the 1.3400 level. The first resistance is at 1.3410, the first support at 1.3389.