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- GBP/USD is testing the MA (200) Н1
GBP/USD is testing the MA (200) Н1
Today, the GBP / USD pair is trading in the range of $1.3360-$1.3470, slightly below the closing level of yesterday's session ($1.3500). Yesterday, since the beginning of trading, the pair fell sharply to a weekly low of $1.3190, but at the end of the session, it regained all the lost positions. On the hourly chart, GBP / USD is testing the moving average line of MA (200) H1 ($1.3400) and has risen above MA (200) H4 ($1.3320). In this situation, finding a buy position can be a wise decision for those who want to take advantage of the stronger British pound.
⦁ Resistance levels are: $1.3500, $1.3560, $1.3625
⦁ Support levels are: $1.3360, $1.3280, $1.3190
The main scenario for the pair's promotion - break yesterday's high of $1.3500 and may be a rise to $1.3560 (December 16 high)
An alternative scenario - breakout of the session low of $1.3360 and may be a decline of the pair to $1.3280 (December 15 low)
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