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- GBP / USD remains above MA (200) H1
GBP / USD remains above MA (200) H1
Today, the GBP/USD pair fell from $1.3735 to $1.3650, and retreated from the high of the end of April 2018. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($1.3645), and on the four - hour chart-above MA (200) H4 ($1.3520). In this situation, it is probably worth sticking to the north direction in trading, and at the end of the correction, you should look for exit points to buy.
⦁ Resistance levels are: $1.3745, $1.3795, $1.3930
⦁ Support levels are: $1.3620-45, $1.3520, $1.3450
The main scenario for the pair's promotion - break of the resistance of $1.3745 (January 21 high) and then, maybe, a rise to $1.3795 (April 30’ 2018 high)
An alternative scenario - if the area of $1.3620-45 (January 20 low, MA (200) H1) is broken, the pair may decline to $1.3520 (January 18 low)
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