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- The GBP / USD pair retreated slightly from the highs of the end of April 2018
The GBP / USD pair retreated slightly from the highs of the end of April 2018
Today, the GBP/USD pair is trading mainly with a decline in the range of $1.3775-1.3815, slightly retreating from the high of late April 2018 ($1.3865) reached on Wednesday. On the hourly chart, GBP / USD remains above the MA (200) H1 moving average line ($1.3735) and on the four - hour chart-above MA (200) H4 ($1.3655). In this situation, you should stick to the north direction in trading and, at the end of the correction, look for exit points to buy.
⦁ Resistance levels are: $1.3865, $1.3930, $1.4000
⦁ Support levels are: $1.3735, $1.3680, $1.3610
The main scenario for the pair's promotion - correction, growth to $1.3865 (February 10 high) and then may be to $1.3930 (April 27’ 2018 high)
An alternative scenario - continuation of the downward movement to $1.3735 (February 9 low, MA (200) H1) and then may be to $1.3680 (February 8 low)
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