GBP/USD, Technical Analysis – H1
Bulls remain firmly in control on the H1 timeframe, successfully defending the local trendline support. The pair is showing signs of building momentum for the next upside leg.
Bulls maintain control and preserve the overall bullish structure after defending support at the local trendline zone (1.3235). The market appears poised for a strong upward impulse toward 1.3300.
Key Levels:
□ 1.3230–1.3235
□ 1.3300
Primary Scenario:
Consolidation ahead of a move toward 1.3300.
Alternative Scenario:
Impulsive move to 1.3300.
Analyst Commentary:
We do not rule out a retest of the 1.3230–1.3235 support zone before the next upward move.
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.