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- GBP / USD remains above MA (200) H1
GBP / USD remains above MA (200) H1
Today, the GBP/USD pair is trading in a narrow range of $1.3910-50, after trading yesterday retreated from a one-month high of $1.4010. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($1.3815), and on the four - hour chart-above MA (200) H4 ($1.3830). 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 necessary to look for exit points to buy.
⦁ Resistance levels are: $1.3950, $1.4010, $1.4085
⦁ Support levels are: $1.3910, $1.3815, $1.3715
The main scenario for the pair's promotion - breakout of the session high of $1.3950 and may be an increase to $1.4010 (April 20 high)
An alternative scenario - breakout of the session low and may be a decline to $1.3815 (April 19 low, MA (200) H1)
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