FX.co ★ dusty24 | GBP/USD

For GBP/USD H1, the pair is trading near the day's opening level at 1.3090 and close to the daily Pivot level at 1.3091. The main indicators show a bullish trend, and the price is above the MA72 trend line, where volume distribution usually occurs. If the price moves above the 1.3091 level, the pair is likely to continue its upward movement towards 1.3120 and possibly 1.3165. Below the 1.3091 level, the price may decline towards 1.3060 and possibly even lower to 1.3040. The pound is trading above the monthly Pivot level at 1.2836 (previous 1.2514), above the weekly Pivot level at 1.2932, and near the daily Pivot level, indicating a bullish sentiment for the pair. The key level for this session is the daily Pivot level at 1.3091. The resistance is at 1.3113, with the first support at 1.3080.