Yesterday, the GBP/USD was trading lower and closed the day in the red around $1.3635. Today it was trading in a narrow range of $1.3615-55, staying close to yesterday's closing price. On the hourly chart, GBP/USD is still trading above the MA line (200) H1 ($1.3595). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: $1.3700, $1.3785, $1.3935
Support levels are at: $1.3610, $1.3540, $1.3450
Probably, the main scenario - is an increase to $1.3700 (Jan 13 high). An alternative scenario - may be consolidation below the MA 200 H1 level with a subsequent decline to $1.3450 (Jan 11 low).
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