Research preview

GBP/USD Hourly, Daily And Weekly Candle Charts GBP/USD is trading near 1.35913 against the daily pivot at 1.36414, 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 1.35913 favours caution on longs until the structure improves. The useful evidence is sellers closed the latest candle below its open inside a 1.35850-1.35936 candle range, the recent sequence is still leaning lower, while price is testing support near S1 1.36282. 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...