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- The GBP / USD pair rose again to the highs of early May 2018
The GBP / USD pair rose again to the highs of early May 2018
Today, the GBP/USD pair rose from $1.3620 to $1.3720, again reaching the highs of early May 2018. During writing, the pair is slightly down to $1.3670. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.3605), and on the four-hour chart it remains above MA (200) H4 ($1.3500). In this situation, it is probably worth sticking to the north direction in trading, and you should look for exit points to buy.
⦁ Resistance levels are: $1.3710-20, $1.3795, $1.3930
⦁ Support levels are: $1.3570, $1.3520, $1.3450
The main scenario for the pair's promotion - breakout of the $1.3710-20 resistance (January 14 high, session high) and then, maybe, a rise to $1.3795 (April 30' 2018 high)
An alternative scenario - if the level of MA (200) H1 ($1.3605) is broken, the pair may decline to $1.3520 (January 18 low)
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