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- GBP / USD remains below MA (200) H1
GBP / USD remains below MA (200) H1
Today, the GBP / USD pair is trading mainly with an increase in the range of $1.3815-75 after a sharp decline on Friday from $1.3960 to $1.3830. On the hourly chart, the pair remains below the MA (200) H1 moving average line ($1.3910) and on the four-hour chart, it is also trading slightly below MA (200) H4 ($1.3895). In this situation, it is probably worth starting to stick to the southern direction in trading and, at the end of the correction, it may be worth looking for exit points to sell.
⦁ Resistance levels are: $1.3910, $1.3960, $1.4000-15
⦁ Support levels are: $1.3810-15, $1.3780, $1.3680
The main scenario for the pair's promotion - correction, decline to $1.3810-15 (March 16 low, session low) and then there may be a drop to $1.3780 (March 5 low)
An alternative scenario - if the resistance of MA (200) H1 ($1.3910) is broken, the pair can rise to $1.3960 (March 19 high)
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