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- GBP / USD pair retreated from the highs of early May 2018
GBP / USD pair retreated from the highs of early May 2018
Today, the GBP / USD pair is trading mainly with a decline in the range of $1.3490-$1.3585, retreating from the high of early May 2018 ($1.3620) reached yesterday. The pair is trading above the MA (200) H1 ($1.3400) moving average line and above MA (200) H4 ($1.3300) on the four - hour chart. In this situation, 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: $1.3490, $1.3400-35, $1.3280
The main scenario for the pair's promotion - if the resistance of $1.3620 (high on May 10' 2018, December 17 high) is broken, the pair can rise to $1.3665 (high on May 2' 2018)
An alternative scenario - breakout of the session low of $1.3490 and may be a decline of the pair to $1.3400-35 (December 16 low, MA (200) H1)
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