GBP/USD Holds Into 1.32743 with Confirmation Needed

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GBP/USD Holds Into 1.32743 with Confirmation Needed

Research preview

GBP/USD Hourly, Daily And Weekly Candle Charts GBP/USD is trading near 1.32881 against the daily pivot at 1.33220, 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 1.32881 favours caution on longs until the structure improves. The useful evidence is buyers held the latest candle above its open inside a 1.32860-1.32910 candle range, the recent sequence is still leaning lower, while price is testing support near S1 1.32949. A better signal would be the next hourly close should either defend the reaction zone or expose a false start; Around the decision zone, a...

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