Technical Analysis
20.11.2020, 12:47

GBP / USD remains above MA (200) H1

Today, the GBP / USD pair is trading in the range of $1.3240-90, after rising on Wednesday to a nearly ten-week high ($1.3310) reached earlier on November 11. On the hourly chart, the pair is trading above MA (200) H1 ($1.3220) and on the four - hour chart-above MA (200) H4 ($1.3060). In this situation, finding a buy position may be a wise decision for those who want to take advantage of a stronger pound.

Resistance levels are at:  $1.3310-20, $1.3400, $1.3480

Support levels are at: $1.3240, $1.3195, $1.31.65

The main scenario for the pair's promotion - continuation of the upward movement to $1.310-20 (September 4 and November 18 highs)

An alternative scenario - if the session low of $1.3240 and MA (200) H1 ($1.3220) are broken, the pair may decline to $1.3195 (November 19 low)

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location