GBP/USD remains under pressure

On the hourly chart, the GBP/USD pair remains under pressure after failing to gain a foothold above the resistance zone of 1.3620. The price is trading below the moving average of MA (200) H1, passing around 1.3660, which indicates a continuing bearish mood. From a technical point of view, the pair continues to form a series of lowered highs and lows, which indicates the dominance of sellers. Support is located at 1.3565, the breakdown of which may increase the pressure and open the way to 1.3525 and further to 1.3455. The MACD indicator shows a weak positive divergence, but the histogram begins to decline, which indicates a fading upward momentum. To resume growth, buyers need to overcome the 1.3620 zone and then gain a foothold above 1.3650, after which the path to 1.3685 will open. However, given the general location of the price below key levels and the lack of a clear bullish signal, the priority remains on the side of sellers, especially if the pressure from the US dollar persists.

Resistance levels are: 1.3620, 1.3650, 1.3685

Support levels are: 1.3565, 1.3525, 1.3455

The main scenario for the pair's advance suggests a breakout of support at 1.3565 (July 9 low) and a possible decline to 1.3525 (July 8 low)

An alternative scenario implies a breakout of the session high of 1.3620 (July 9 high) and there may be an increase to 1.3645 (July 8 high)