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- GBP/USD continues to test support for MA 200 H1
GBP/USD continues to test support for MA 200 H1
Yesterday the GBP/USD traded in different directions in the range of $1.3190-$1.3495 and closed the day without significant changes. Today it dropped slightly, dropping to $1.3390. On the hourly chart, GBP/USD continues to test the strength of the support - the moving average MA (200) H1 ($1.3400). On the four-hour chart, it remains above the MA 200 H4 line for now. Based on the above, it is probably worth sticking to the northern direction in trading and while the GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.
Resistances levels are at: $1.3545, $1.3620, $1.3700
Support levels are at: $1.3290, $1.3190, $1.3135
Probably, the main scenario - is continued growth to $1.3545 (high of the American session on Dec 18). An alternative scenario - may be consolidation below the MA 200 H1 level with a subsequent decline to $1.3190 (low of the American session on Dec 11).
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