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- The GBP / USD pair fell below MA (200) H1, but remains above MA (200) H4
The GBP / USD pair fell below MA (200) H1, but remains above MA (200) H4
Today, the GBP / USD pair continued Friday's decline and fell from $1.3600 to $1.3520. On Friday, the pair retreated from the high of the end of April 2018 ($1.3710) and fell to $1.3575. On the hourly chart, GBP / USD fell below the moving average MA (200) H1 ($1.3600), but on the four-hour chart it remains above MA (200) H4 ($1.3485). In this situation, it is probably worth sticking to the northern direction in trading, and, at the end of the correction, you should hiccup the exit points to buy.
⦁ Resistance levels are: $1.3600, $1.3710, $1.3795
⦁ Support levels are: 1.3505-20, $1.3430-50, $1.3305
The main scenario for the pair's promotion - correction, breakout of MA (200) H1 ($1.3600) and then maybe rise to $1.3710 (January 14 high)
An alternative scenario - if the area $1.3505-20 (January 12 low, session low) is broken, the pair may decline to $1.3430-50 (December 28 and January 11 lows)
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