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- GBP / USD rose, but remains below MA (200) H1
GBP / USD rose, but remains below MA (200) H1
Today, the GBP / USD pair is trading in different directions: after falling from $1.3720 to a two-week low of $1.3670, the pair rose again to $1.3770. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.3795), and on the four - hour chart-below MA (200) H4 ($1.3860). Technically speaking, the support of $1.3670 kept the pair from falling further. The upper limit of $1.3780-95 represents the resistance level. The most likely range of price movement for today may be hidden within the range of $1.3670-1.3795
⦁ Resistance levels are: $1.3780-95, $1.3840, $1.3920
⦁ Support levels are: $1.3720, $1.3670, $1.3610
The main scenario for the pair's promotion - correction, and decline to the session low of $1.3670 (March 25, April 8 low, session low)
An alternative scenario - growth to $1.3780-95 (April 8 high, MA (200) H1) and then maybe to $1.3840 (April 7 high)
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