- Analytics
- Market analysis
- Technical Analysis
- The GBP / USD pair is trading near a three-week high
The GBP / USD pair is trading near a three-week high
Today, the GBP / USD pair is trading in the range of $1.3100-55-near the three-week high reached yesterday. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.2995) and on the four - hour chart-above MA (200) H4 ($1.2945). Resistance of $1.3155-75 may keep GBP / USD from further growth. If this level is broken, the pair may rise to $1.3320. On the other hand, a break of the session low of $1.3100 may push the pair down to MA (200) H1 ($1.2995). But most likely, finding a buy position may be a wise decision for those who want to take advantage of a stronger pound.
⦁ Resistance levels are at: $1.3155-75, $1.3320, $1.3480
⦁ Support levels are at: $1.3100, $1.2995, $1.2910
The main scenario for the pair's promotion - if the $1.3155-75 area is broken (session high, October 21 high), the pair is likely to grow to $1.3320 (September 4 high)
An alternative scenario - break of the session low of $1.3100 and, perhaps, a decline to MA (200) H1 ($1.2995).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
