Follow Up GBP/USD Technical Analysis: 1.35000 reached

Note: This section contains information in English only.
Source: Dukascopy Bank SA




GBP/USD H1 Technical Summary


Current Status: Strong bearish impulse testing critical support at 1.3515.

Support: Immediate floor at 1.3515; if broken, targets are 1.3470 and 1.3450.

Resistance: Recent breakdown point at 1.3590 and major peak at 1.3650.

Momentum (MACD 20, 60, 10):

Signal: Bearish. The MACD line has crossed below the signal line and is diving toward the zero-line.

Histogram: Expanding red bars confirm accelerating downward momentum.

Current setup is bearish. A clean break of 1.3515 signals further downside. If the level holds, expect a minor relief bounce to 1.3550 before the next leg down.Continuation in the rise of volatility may be considered as a medium plausibility scenario.
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