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- GBP / USD remains above MA (200) H1
GBP / USD remains above MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.3930-1.4000, after a sharp increase at the end of yesterday's US trading from $1.3850 to $1.3970. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.3900) and on the four - hour chart-above MA (200) H4 ($1.3885). Technically speaking, a strong resistance level of $1.4000-15 may keep the pair from rising further. MA (200) H1 ($1.3900) represents the support level. The most likely range of price movement for today may be hidden within the existing range of $1.3900-1.4000.
⦁ Resistance levels are: $1.4000-15, $1.4085, $1.4180
⦁ Support levels are: $1.3900, $1.3850, $1.3810
The main scenario for the pair's promotion - correction, growth to $1.4000-15 (March 3-4 and 12 highs, session high) and then may be to $1.4085 (February 22 high)
An alternative scenario - if the support for MA (200) H1 ($1.3900) is broken, the pair may fall to $1.3850 (March 17 low)
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