GBP/USD, Technical Analysis — H1
The pair is clearly forming an upward reversal from the 1.3200 level.
The pair is clearly forming an upward reversal from the 1.3200 level. After a retest of this support, a recovery of around 100 pips toward the next round level at 1.3300 looks feasible.
Key Levels:
□ 1.3200 (support)
□ 1.3300 (resistance/target)
Primary Scenario:
Retracement to 1.3200, followed by a rise toward 1.3300.
Alternative Scenario:
Rise toward 1.3300 from current levels.
Analyst Commentary:
Pending buy orders from 1.3200 represent a suitable trading approach.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.