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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 in the range of $1.3900-50-near the new high of the end of April 2018. Yesterday, the pair broke through the resistance of $1.3865, which became the nearest support. On the hourly chart, GBP / USD remains above the moving average line MA (200) H1 ($1.3790) and on the four - hour chart-above MA (200) H4 ($1.3680). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: $1.3950, $1.4000, $1.4090
⦁ Support levels are: $1.3865, $1.3775-90, $1.3680
The main scenario for the pair's promotion - breakout of the session high of $1.3950 and then, maybe, a rise to $1.4000 (April 26’ 2018 high)
An alternative scenario - correction and may be a decline to $1.3775-90 (February 12 low, MA (200) H1)
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