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- The GBP / USD pair rose slightly above the MA (200) H1
The GBP / USD pair rose slightly above the MA (200) H1
Today, the GBP / USD pair is trading with an increase in the range of $1.3915-60 and rose above the MA (200) H1 moving average line ($1.3900). On the four-hour chart, the pair is also trading above MA (200) H4 ($1.3850). Technically speaking, the resistance of $1.4015 may keep prices from rising further. If it breaks through, the pair may rise to $1.4085. The lower bound of $1.3900 represents the nearest support level. The most likely range of the pair's movement for today may be hidden within the range of $1.3900-1.4015.
⦁ Resistance levels are: $1.4015, $1.4085, $1.4180
⦁ Support levels are: $1.3900, $1.3845, $1.3780
The main scenario for the pair's promotion - growth to $1.4015 (March 4 high) and then, maybe, to $1.4085 (February 22 high)
An alternative scenario - correction and may be a decline to MA (200) H1 ($1.3900)
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