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- The GBP / USD pair has declined and is testing the MA (200) H1
The GBP / USD pair has declined and is testing the MA (200) H1
Today, since the beginning of the session, the GBP/USD pair has been trading in a narrow range near the Friday closing level of $1.3740, but during writing, it has fallen sharply and is testing MA (200) H1 ($1.3685). On the four-hour chart, the pair is trading above MA (200) H4 ($1.3610). Technically speaking, the strong resistance level of $1.3740 kept the pair from further growth. The most likely range of price movement for today may be hidden within the range of $1.3685-$1.3740
⦁ Resistance levels are: $1.3740-60, $1.3795, $1.3930
⦁ Support levels are: $1.3655, $1.3610, $1.3565
The main scenario for the pair's promotion - correction and growth to $1.3740-60 (January 27-29, February 1 and 5 highs, session high)
An alternative scenario - breakout of the $1.3565 support (February 5 low) and may be a decline to $1.3610 (February 2 low)
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