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- The GBP / USD pair fell sharply and broke through the MA (200)
The GBP / USD pair fell sharply and broke through the MA (200)
Today, the GBP / USD pair sharply declined $1.3470 to $1.3190, and fell below the moving average line of MA (200) H1 ($1.3405) and below MA (200) H4 ($1.3310). If the pair gains a foothold at these levels, it is likely that a new downtrend will begin to form. While this has not happened, it is probably worth sticking to the northern direction in trading, and, at the end of the correction, look for exit points to buy. The most likely range of price movement for today may be hidden within the range of $1.3190-1.3405
⦁ Resistance levels are: $1.3405, $1.3480, $1.3560
⦁ Support levels are: $1.3190, $1.3135, $1.3105
The main scenario for the pair's promotion - correction and growth to MA (200) H1 ($1.3405), and then probably to $1.3480 (December 9 high)
An alternative scenario - breakout of the session low of $1.3190 and the pair may decline to $1.3135 (December 11 low)
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