GBP/USD is growing and testing MA (200) H1

On the hourly chart, GBP/USD shows steady growth on the hourly chart, breaking the resistance level of 1.3350 and approaching the next key mark — 1.3445. The price has confidently broken through the MA (200) H1 moving average (1.3330), which confirms the change of the short-term trend to an upward one. After a long consolidation between the levels of 1.3260 and 1.3350, the bulls were able to take the initiative, and the current acceleration indicates a possible continuation of growth.

The MACD indicator also confirms the bullish momentum: the histogram has moved into a positive zone, strengthening the buy signals. This indicates a growing momentum in favor of buyers. The support level is now shifting to the 1.3350 area, and maintaining it will be crucial to confirm further upward movement. If buyers maintain control, the target area may be 1.3445, the high of the end of April. However, in the case of a pullback below 1.3350, a test of the 1.3260 area may follow. Overall, the technical picture for GBP/USD remains positive in the short term with the potential for continued growth.

Resistance levels are: 1.3445, 1.3530, 1.3650

Support levels are: 1.3260, 1.3200, 1.3120

The main scenario for the pair's advance assumes a breakout of 1.3445 (April 28-29 high) and there may be an increase to 1.3530 (Jan 26’  2022 high).

An alternative scenario implies a breakout of 1.3260 (May 1 low) and there may be a decline to 1.3200 (April 3 high, April 17 low).