GBPUSD: Market Overview in the 1H Timeframe

The price is at the local support. We can see lower swing highs, and if the price breaks the support zone, we will get a lower swing low. It will confirm at least the local downtrend.

The breakout below the support zone could be good for selling. But we have solid SMA100 and SMA200 below, which can stop and reverse the market. That's why selling is not a good idea now. I will think about selling only when the price breaks SMA200 and retraces to the downtrend line.

If the market tries one more time to reach 1.35090 resistance, we will get a buy opportunity. When the price breaks the downtrend line, we will be able to catch this upward movement. Buying will be more logical in this market if we talk about trading based on the 1H chart.