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- GBP/USD is testing the support of the MA (200) H1
GBP/USD is testing the support of the MA (200) H1
Today, the GBP / USD pair is trading mainly with a decline in the range of $1.3555-1.3630 and is testing the MA (200) H1 moving average line ($1.3585). On the four-hour chart, the pair remains well above the MA (200) H4 ($1.3425). In this situation, it is probably worth sticking to the northern direction in trading and, at the end of the correction, look for exit points to buy.
⦁ Resistance levels are: $1.3670, $1.3705, $1.3795
⦁ Support levels are: $1.3535, $1.3430, $1.3305
The main scenario for the pair's promotion - breakout of the resistance is $1.3670 (January 6 high) and the pair may rise to $1.3705 (January 4 high)
An alternative scenario - breakout of the support of $1.3535 (January 4 and 6 low) and may be a decline of the pair to $1.3430 (December 28 low)
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