FX.co ★ dusty24 | GBP/USD

On GBP/USD H1. The pair is trading near the daily open level of 1.3415 and above the daily Pivot level of 1.3405. The main indicators are pointing north and the price is above the MA72 trend line, where unloading by volume usually takes place. Above the 1.3415 level, the pair’s rise will continue towards 1.3451 and possibly 1.3477 and higher. Below the 1.3415 level, the price will move down to 1.3405 and possibly lower to 1.3390 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 above the daily Pivot level, which tells us about a bullish (northbound) sentiment for the pair. The fork (decision point) for this session at the moment is the daily open level 1.3415. The first resistance is at 1.3451, the first support at 1.3405.