On the GBP/USD H1 timeframe, the pair is trading above the day's opening level of 1.3045 and above the daily Pivot level of 1.2974. The main indicators show a bullish sentiment, and the price is above the MA72 trend line, where volume distribution usually occurs. If the price moves above the level of 1.3145, the pair is likely to continue its upward movement towards the levels of 1.3165 and possibly 1.3207. On the other hand, if the price drops below 1.3145, it may decline to the level of 1.3033 and potentially even lower to 1.3000. The Pound is trading above the monthly Pivot level of 1.2836 (previous was 1.2514), above the weekly Pivot level of 1.2932, and above the daily Pivot level, indicating a bullish sentiment for the pair. The key level for this session is at 1.3145. The resistance level is at 1.3165, with the first support level at 1.3140.
