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- The GBP / USD pair has grown and is testing the MA (200) H1
The GBP / USD pair has grown and is testing the MA (200) H1
Today, the GBP / USD pair is trading with growth (from $1.2910 to $1.3000), and is trying to test the strength of the moving average MA (200) H1 ($1.3000), after falling yesterday to a nearly one-month low of $1.2855. On the four-hour chart, the pair rose slightly above the MA (200) H4 ($1.2930). The $1.3025 resistance may keep GBP / USD from rising further. If this level is broken, the pair may rise to $1.3080. On the other hand, the pair may still fall to yesterday's low of $1.2855. The most likely range of price movement to date may be hidden within the range. $1.2855-1.3025.
⦁ Resistance levels are at: $1.3025, $1.3080, $1.3120
⦁ Support levels are at: $1.2910, $1.2845-55, $1.2805
The main scenario for the pair's promotion - correction, breakout of the session low of $1.2910 and possible decline to $1.2845-55 (October 7 and November 2 lows)
An alternative scenario - if the MA (200) H1 ($1.3000) breaks and the resistance is $1.3020 (October 29 high), the pair is likely to rise to $1.3080 (October 27 high)
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