FX.co ★ GBP/USD

On GBP/USD H1. The pair is trading near the day's open level 1.3380 and below the daily Pivot level 1.3415. The main indicators point south and the price is trading below the MA72 trend line, where volume unloading usually occurs. Above 1.3380 the pair will continue to rise toward 1.3406 and possibly to 1.3440 and higher. Below 1.3380 the price will drop to 1.3349 and possibly lower to 1.3333 and below. The pound is trading below the monthly Pivot level 1.3546 (previous 1.3422), below the weekly Pivot level 1.3523 and below the daily Pivot level, which indicates a bearish sentiment for the pair. The decision point for this session at the moment is the day's opening level 1.3380. First resistance is the level 1.3406, first support 1.3349.