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- GBP / USD fell below MA (200) H1
GBP / USD fell below MA (200) H1
Today, the GBP/USD pair is trading with a decline from $1.3680 to $1.3620, losing almost all the positions gained at the end of yesterday's US trading. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.3690), but on the four-hour chart it remains above MA (200) H4 ($1.3600). Technically speaking, a strong support level of $1.3610 may keep the pair from further declining. If it breaks through, the price may fall to $1.3570. The session high of $1.3680-90 represents a resistance level. If this level is passed, prices may follow a correction to $1.3710. The most likely range of price movement for today may be hidden within the range of $1.3610-90
⦁ Resistance levels are: $1.3680-90, $1.3710, $1.3760
⦁ Support levels are: $1.3610, $1.3570, $1.3520
The main scenario for the pair's promotion - correction and growth to $1.3680-90 (session high, MA (200) H1)
An alternative scenario - break of the support of $1.3610 (January 26 and February 1 low) and may be a decline to $1.3570 (January 19 low)
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