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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, since the beginning of the European session, the GBP/USD pair fell sharply to $1.3770, but soon rose again, regaining all the lost positions. On the hourly chart, the pair is testing the MA (200) H1 ($1.3805) moving average line, but on the four-hour chart, it is trading below MA (200) H4 ($1.3890). Technically speaking, the resistance of $1.3850 may keep the pair from rising further. If it breaks through, prices may rise to $1.3920. The session low of $1.3770 represents the support level. The most likely range of price movement for today may be hidden within the range of $1.3770-1.3850
⦁ Resistance levels are: $1.3850, $1.3920, $1.3960
⦁ Support levels are: $1.3770, $1.3745, $1.3705
The main scenario for the pair's promotion - if the session low of $1.3770 is broken, the pair may fall to $1.3745 (April 1 low)
An alternative scenario - break of the resistance of $1.3850 (April 2 high) and may be an increase to $1.3920 (April 5-6 high)
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