Yesterday the GBP/USD traded in different directions in the range of $1.3195-$1.3275 and closed the day without significant changes. Today it was trading in a narrow range of $1.3245-65, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3215). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: $1.3310, $1.3355, $1.3400
Support levels are at: $1.3195, $1.3150, $1.3090-05
Probably, the main scenario - is continued growth to $1.3310 (Nov 18 high). An alternative scenario - may be consolidation below the MA 200 H1 level, followed by a fall to $1.3105 (Nov 12 low).
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