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- GBP / USD declines, but remains above MA (200) H1
GBP / USD declines, but remains above MA (200) H1
Today, the GBP / USD pair is trading mainly with a decline from $1.3575 to $1.3474 and may try to test the strength of the support of the MA (200) H1 ($1.3465). If it succeeds, the pair may fall to $1.3305. However, the pair still remains significantly above the MA (200) H4 ($1.3350), which may push it to turn and rise to the session high of $1.3575 and possibly to $1.3625. The most likely range of movement of the pair for today can be hidden within the range of $1.3465-$1.3625.
⦁ Resistance levels are: $1.3575, $1.3625, $1.3665
⦁ Support levels are: $1.3465, $1.3305, $1.3190
The main scenario for the pair's promotion - correction, break of the session high of $1.3575 and may be the pair's growth to $1.3625 (December 17 and 24 high)
An alternative scenario - breakout of MA (200) H1 ($1.3465) and may be a decline of the pair to $1.3305 (December 22 low)
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