GBP/USD is testing MA (200) H1

On the hourly chart of the GBP/USD pair, volatile trading is observed in the range with attempts to go up, which were followed by a correction. After reaching a local maximum in the area of 1.3635, the price began to decline and is now near the level of 1.3525. At the moment, the price is testing the support level of 1.3520, which coincides with the passing zone of the MA (200) H1 moving average. The 200-period moving average is slightly tilted upward, indicating the absence of a stable trend, but with an upward bias. However, the latest candlesticks show selling pressure, especially after the recent pullback from the resistance area of 1.3580–1.3630.

The MACD indicator shows a downward intersection and a histogram in the negative zone, which confirms the current correction phase. A steady bearish momentum is emerging, and if it strengthens below 1.3520, the decline may intensify. Thus, in the short term, the pair remains under pressure.

Resistance levels are: 1.3580, 1.3635, 1.3695

Support levels are: 1.3520, 1.3490, 1.3450-65

The main scenario for the pair's advance suggests an increase to 1.3580 (June 9 high) and then, perhaps, to the session high of 1.3635 

An alternative scenario implies a breakout of the session low of 1.3520 (June 12 low) and there may be a decline to 1.3490 (June 3 low).