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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.3655-1.3710 after a sharp rise yesterday from $1.3565 to $1.3695 and testing the MA (200) H1 moving average line ($1.3680). On the four-hour chart, the pair is trading above MA (200) H4 ($1.3605). Technically speaking, the strong resistance level of $1.3710 kept the pair from further growth. The most likely range of price movement for today may be hidden within the range of $1.3655-$1.3710
⦁ Resistance levels are: $1.3710, $1.3760, $1.3795
⦁ Support levels are: $1.3655, $1.3610, $1.3565
The main scenario for the pair's promotion - breakout of the session high of $1.3710 (February 2 high) and then maybe rise to $1.3760 (January 27 and February 1 high)
An alternative scenario - breakout of the session low of $1.3565 and may be a decline to $1.3610 (February 2 low)
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