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- GBP/USD is testing the MA (200) H1
GBP/USD is testing the MA (200) H1
Today, since the beginning of trading, the GBP/USD pair fell from $1.3680 to $1.3610, but during the European session it regained all the lost positions. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.3650), but on the four-hour chart it remains above MA (200) H4 ($1.3535). 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: $1.3720-45, $1.3795, $1.3930
⦁ Support levels are: $1.3610, $1.3520, $1.3450
The main scenario for the pair's promotion - growth to $1.3745 (January 21 high) and then maybe to $1.3795 (April 30’ 2018 high)
An alternative scenario - if the session low of $1.3610 is broken, the pair may decline to $1.3520 (January 18 low)
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