FX.co ★ GBP/USD

For GBP/USD H1. The pair is trading below the daily open level of 1.3350 and near the daily Pivot level of 1.3332. The main indicators are pointing north and the price is above the MA72 trendline, where unloading by volume usually takes place. Above the 1.3340 level, the pair’s rise will continue toward 1.3356 and possibly to 1.3380 and higher. Below the 1.3340 level, the price will drop to 1.3307 and possibly lower to 1.3294 and below. The pound is trading above the monthly Pivot level of 1.3294 (previous 1.3472), above the weekly Pivot level of 1.3307 and near the daily Pivot level, which tells us the pair has a bullish (northbound) bias. The fork (decision point) for this session at the moment is the 1.3340 level. The first resistance is at 1.3356, the first support at 1.3332.