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- The GBP / USD pair again rose above the MA (200) H1
The GBP / USD pair again rose above the MA (200) H1
Today, since the beginning of the session, the GBP/USD pair has been trading mainly with a decline in the range of $1.2930-9090, but by the middle of European trading, the pair rose to $1.3080, breaking the level of the moving average MA (200) H1 ($1.2980). On the four-hour chart, the pair also rose above the MA (200) H4 ($1.2935). The $1.3140 resistance may keep GBP / USD from rising further. If this level is broken, the pair may rise to $1.3175. On the other hand, the pair may still fall to yesterday's low of $1.2910. The most likely range of price movement today may be hidden within the wide range of $1.2910-1.3140.
⦁ Resistance levels are at: $1.3140, $1.3175, $1.3320
⦁ Support levels are at: $1.2980, $1.2910, $1.2855
The main scenario for the pair's promotion - correction and decline to $1.2910 (November 4 low)
An alternative scenario - if the resistance breaks $1.3140 (November 4 high), the pair is likely to rise to $1.3175 (October 21 high).
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