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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, the GBP/USD pair is trading in different directions: after rising from the beginning of trading from $1.3750 to $1.3810, the pair declined during European trading to $1.3755. On the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.3785). On the four-hour chart, GBP / USD is trading below MA (200) H4 ($1.3840). Technically speaking, the session high of $1.3810 may keep the pair from rising. The lower bound of $1.3670 represents a strong support level. The most likely range of price movement for today may be hidden within the range of $1.3720-1.3810
⦁ Resistance levels are: $1.3810, $1.3840-50, $1.3920
⦁ Support levels are: $1.3720, $1.3670, $1.3610
The main scenario for the pair's promotion - correction and may be a decline to $1.3670 (March 25, April 9-12 low)
An alternative scenario - breakout of the session high of $1.3810 and may be an increase to $1.3840-50 (April 2 and 7 highs)
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