- Short-term oscillators are hanging near their midpoints as GBP buying remains unconvincing.
- The downward channel remains intact, despite temporary floor found at near-term support above 1.3200 major handle.
- 50-hour SMA remains firmly bearish, pointed for further declines.
GBP/USD chart, 1 Hour
Spot rate: 1.3255
Relative change: (-0.42%)
Trend: Bearish
Support 1: 1.3230 (intraday rejection level)
Support 2: 1.3200 (major psychological handle)
Support 3: 1.3138 (S2 Daily pivot point)
Resistance 1: 1.3280 (1-Day 61.8% Fibonacci level)
Resistance 2: 1.3300 (major psychological level)
Resistance 3: 1.3340 (last swing high)
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