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- The GBP / USD pair rose again to the maximum of the beginning of May 2018
The GBP / USD pair rose again to the maximum of the beginning of May 2018
Today, the GBP / USD pair rose from $1.3490 to $1.3610, again reaching the high of early May 2018, reached earlier a week ago. On the hourly chart, the pair is trading above the moving average of MA (200) H1 ($1.3480) and remains significantly above MA (200) H4 ($1.3350). 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: $1.3625, $1.3665, $1.3795
⦁ Support levels are: $1.3480-90, $1.3430, $1.3305
The main scenario for the pair's promotion - breakout of the session high of $1.3625 (December 17 and 24 high) and the pair may rise to $1.3665 (maximum on May 2’ 2018)
An alternative scenario - breakout of the session low of $1.3490 and MA (200) H1 ($1.3480) and may be a decline of the pair to $1.3430 (December 28 low)
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