- Key support: 1.2940
- Key resistance: 1.30
GBUSD struggles with key resistance at 1.30. In case of another failure to break above, one could expect a downward correction towards 1.2940. Green zone on the chart below is marked with 1:1 structure as well as previous price reactions. The bearish setup would be invalidated once candlestick on H1 interval closes above 1.30 handle.
GBPUSD H1 interval. Source: xStation5