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- The GBP / USD pair rose again to the highs of mid-May 2018
The GBP / USD pair rose again to the highs of mid-May 2018
Today, the GBP / USD pair rose sharply from $1.3430 to $1.3515, again rising to the highs of mid-May 2018, reached earlier in early December. The pair is trading above the moving average line MA (200) H1 ($1.3360) and above MA (200) H4 ($1.3260) on the four - hour chart. In this situation, the scenario of further growth of the GBP/USD pair is likely. Finding a buy position can be a wise decision for those who want to take advantage of a stronger British currency.
⦁ Resistance levels are: $1.3540, $1.3570, $1.3610
⦁ Support levels are: $1.3430, $1.3360, $1.3280
The main scenario for the pair's promotion - if there is a resistance of $1.3540 (December 4 high), the pair can continue to rise to $1.3570 (high on May 17’ 2018)
An alternative scenario - correction and may be a decline to the session low of $1.3430
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