GBP/USD, Technical Analysis – H1

The pair is currently realizing a downside trend reversal scenario, with a prospective target in the 1.3430 zone. However, bulls will likely face a key test at the pivot level of 1.3260, which may trigger an intraday pullback.

Key Levels:

□ 1.3200 (support)

□ 1.3260 (pivot/resistance)

□ 1.3430 (target)

Primary Scenario:

Rise toward 1.3260, followed by a correction to 1.3200.

Alternative Scenario:

Breakout above 1.3260 and advance to 1.3300, targeting the medium-term objective at 1.3430.

Analyst Commentary:

Any potential correction from 1.3260 should be considered a buying opportunity for long setups on lower timeframes.