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- Technical Analysis
- The GBP / USD pair fell to a two-week low
The GBP / USD pair fell to a two-week low
Today, the GBP / USD pair is trading down from $1.3565 to 1.3465 and fell to a two-week low. The pair broke through the $1.3530 support, which became the nearest resistance. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.3585), but on the four-hour chart it remains above MA (200) H4 ($1.3445). Technically speaking, a strong support level of $1.3430 could keep GBP / USD from falling further. If it breaks through, the price may fall to $1.3305. The most likely range of movement of the pair for today can be hidden within the range of $1.3430-1.3530
⦁ Resistance levels are:$1.3530, $1.3585, $1.3635
⦁ Support levels are: $1.3430, $1.3305, $1.3180
The main scenario for the pair's promotion - correction, growth to $1.3530 (January 7 low) and may be the pair's growth to MA (200) H1 ($1.3585)
An alternative scenario - break in the support of $1.3430 (December 28 low) and maybe a decline in the pair to $1.3305 (December 22 low)
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