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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.3890-1.3960 and is testing the MA (200) H1 ($1.3910) moving average line. On the four-hour chart, the pair remains above MA (200) H4 ($1.3890). In this situation, it is probably worth continuing to stick to the north direction in trading and, at the end of the correction, it may be worth looking for an exit point to buy at the end of the correction. The most likely range of price movement for today may be hidden within the existing range of $1.3890-1.3960.
⦁ Resistance levels are: $1.3960, $1.4000-15, $1.4085
⦁ Support levels are: $1.3890, $1.3850, $1.3810
The main scenario for the pair's promotion - correction, breakout of the session high of $1.3960 and then there may be a rise to $1.4000-15 (March 3-4, 12 and 18 highs)
An alternative scenario - If the session low of $1.3890 is broken, the pair may fall to $1.3850 (March 17 low)
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