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- GBP / USD is trading near the highs of the end of April 2018
GBP / USD is trading near the highs of the end of April 2018
Today, the GBP/USD pair is trading within yesterday's range of $1.3800-65-near the highs of the end of April 2018. On the hourly chart, GBP / USD rose above the moving average line MA (200) H1 ($1.3720) and on the four - hour chart-above MA (200) H4 ($1.3650). In this situation, you should stick to the northern direction in trading and look for exit points to buy.
⦁ Resistance levels are: $1.3865, $1.3930, $1.4000
⦁ Support levels are: $1.3800, $1.3755, $1.3720
The main scenario for the pair's promotion - break of the resistance of $1.3865 (February 10 high) and may be an increase to $1.3930 (April 27’ 2018 high)
An alternative scenario - break of the support of $1.3800 (February 10 low) and may be a decline to $1.3755 (January 27-29 high, February 9 low of the European session)
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