GBP/USD 1H Technical Analysis: Trend Consolidation at Key Pivot

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Silver has seen significant decrease in the price from its peak of 120.000 in the month of January.BP/USD 1H chart shows a sustained upward recovery from its macro bottom at 1.33150, with the pair currently consolidating directly on an intermediate pivot at 1.34385. While price action has printed a consistent series of higher lows, upward expansion is stalling just under a key supply zone near 1.34500, characterized by a cluster of small-bodied candles with upper wicks that signal intraday profit-taking.



The smoothed RSI (20) confirms this cooling buying pressure, sitting flat at 57.39; it remains healthily above the 50 centerline without any bearish divergence, suggesting the underlying trend structure is intact but pauses ahead of a decisive move.

A sustained breakout above the current pivot targets the buy-side liquidity pool at 1.34695 and the psych level at 1.35000, whereas a failure to hold 1.34385 will likely trigger a mean-reversion drop back toward structural demand at 1.33450.

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