GBP/USD, Technical Analysis – H1
The pair is developing a new upward trend swing. A recovery toward the 1.3400–1.3410 area can be expected.
The pair is developing a new upward trend swing. A recovery toward the 1.3400–1.3410 area can be expected; however, bulls must first overcome local resistance in the 1.3260 zone, where a short-term technical pullback may develop.
Key Levels:
□ 1.3260 – immediate local resistance
□ 1.3200 – potential pullback support
□ 1.3400–1.3410 – primary upside target
Primary Scenario:
Rise toward 1.3260, followed by a pullback to 1.3200.
Alternative Scenario:
Breakout above 1.3300, targeting further gains toward 1.3400 beyond the current trading session.
Analyst Commentary:
Buyers maintain a dominant positional advantage.
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.