GBP/USD shows an upward movement

On the hourly chart of the GBP/USD pair, there is an upward trend after the breakdown of the resistance level of 1.3510 and a steady movement above the moving average of MA (200) H1. The price reached a local maximum around 1.3650 and is now consolidating slightly lower, around 1.3610. The current structure indicates a possible pause before continuing growth, with the nearest support at 1.3580. The MACD indicator shows a decrease in the histogram after reaching the peak, which may signal a slowdown in the bullish momentum. However, if the price remains above 1.3580 and especially above 1.3510, the overall mood remains positive, and a breakdown of the 1.3650 resistance will open the way to the next important level of 1.3670. In case of correction below 1.3580, testing of the 1.3510 area is likely.

Resistance levels are: 1.3650, 1.3670, 1.3580

Support levels are: 1.3580, 1.3510, 1.3450

The main scenario for the pair's advance suggests a breakout of the resistance at 1.3650 (June 24 high) and there may be an increase to 1.3670 (May 2’ 2018 high)

An alternative scenario implies a breakout of the support from 1.3580 (June 18 high) and a possible decline to 1.3510 (June 20 high, MA (200) H1).