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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 different directions: since the beginning of trading, it has grown from $1.4150 to $1.4210, but later declined, losing all the positions won. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($1.4135) and on the four - hour chart-significantly above MA (200) H4 ($1.3950). In this situation, you should probably stick to the north direction in trading and look for an exit point to buy, at the end of the correction.
⦁ Resistance levels are: $1.4210-35, $1.4315, $1.4375
⦁ Support levels are: $1.4135, $1.4080-1.4100, $1.4005
The main scenario for the pair's promotion - breakout of the area $1.4210-35 (May 18 and 21 highs, the session high) and may be an increase to $1.4315 (April 18’ 2018 high)
An alternative scenario - if the support for MA (200) H1 ($1.4135) is broken, the pair may fall to $1.4080-1.4100 (May 17 and 19-20 lows)
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