GBP/USD Extends as Breakdown Toward 1.33099

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GBP/USD Extends as Breakdown Toward 1.33099

Research preview

GBP/USD Hourly, Daily And Weekly Candle Charts GBP/USD is trading near 1.33136 against the daily pivot at 1.33744, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. GBP/USD H1 candlestick chartOn H1 with price near 1.33136 is more useful as a level map than a momentum signal for now. The quality of the move depends on sellers closed the latest candle below its open inside a 1.33135-1.33223 candle range, the recent sequence is compressed and two-sided, while price is testing support near S1 1.33538. A stronger read requires the next hourly close should either defend the reaction zone or expose a...

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