- Analytics
- Market analysis
- Technical Analysis
- The GBP / USD pair rose sharply, but remains below the MA (200) H1
The GBP / USD pair rose sharply, but remains below the MA (200) H1
Today, since the beginning of the session, the GBP/USD pair has been trading with a decline from $1.3650 to a two-week low of $1.3565, but during writing, the pair has sharply increased and regained all lost positions. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3680), but on the four-hour chart it tests MA (200) H4 ($1.3600). Technically speaking, the strong support level of $1.3565 (January 19 low) kept the pair from further decline. The most likely range of price movement for today may be hidden within the range of $1.3565-$1.3680
⦁ Resistance levels are: $1.3680, $1.3710, $1.3760
⦁ Support levels are: $1.3610, $1.3565, $1.3520
The main scenario for the pair's promotion - growth to $1.3680 (February 3 high, MA (200) H1) and then maybe to $1.3710 (February 2 high)
An alternative scenario - correction and decline to the session low of $1.3565
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
