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- The GBP / USD pair reached the highs of the beginning of May 2018
The GBP / USD pair reached the highs of the beginning of May 2018
Today, the GBP / USD pair rose sharply from $1.3495 to $1.3620, reaching the highs of early May 2018. The pair is trading above the moving average line MA (200) H1 ($1.3370) and above MA (200) H4 ($1.3280) 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: $1.3620, $1.3665, $1.3795
⦁ Support levels are: $1.3555, $1.3430, $1.3370
The main scenario for the pair's promotion - if the session high of is broken $1.3620 (high on May 10' 2018), the pair can continue to grow to $1.3665 (high on May 2' 2018)
An alternative scenario - correction and may be a decline to yesterday's low of $1.3430
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