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- The GBP / USD pair is declining and testing the MA (200) H1
The GBP / USD pair is declining and testing the MA (200) H1
Today, the GBP/USD pair is trading mainly with a decline in the range of $1.3630-90 and is testing the MA (200) H1 ($1.3670) moving average line. On the four-hour chart, the pair remains above MA (200) H4 ($1.3555). 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: $1.3690, $1.3760, $1.3795
⦁ Support levels are: $1.3610, $1.3520, $1.3450
The main scenario for the pair's promotion - correction, a break of the session high of $1.3690 and then, maybe, a rise to $1.3760 (January 27 high)
An alternative scenario - if the support of $1.3610 (January 26 low) is broken, the pair may decline to $1.3520 (January 18 low)
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