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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, the GBP/USD pair is trading mainly with growth in the range of $1.3885-$1.3930 and is testing the MA (200) H1 ($1.3900) moving average line on the hourly chart. On the four-hour chart, the pair is trading above MA (200) H4 ($1.3830). Technically speaking, yesterday's high of $1.3940 may keep prices from rising further. If it breaks through, prices may rise to $1.3975. The $1.3840-60 area represents the support level. The most likely range of the pair's movement for today may be hidden within the range of $1.3840-1.3940.
⦁ Resistance levels are: $1.3940, $1.3975, $1.4010
⦁ Support levels are: $1.3840-60, $1.3800, $1.3715
The main scenario for the pair's promotion - a break from yesterday's high of $1.3940, maybe a rise to $1.3975 (April 29 high)
An alternative scenario - correction and may be a decline to $1.3840-60 (May 4 and 6 lows)
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