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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, the GBP / USD pair is trading in a wide range: after falling from the beginning of trading from $1.4170 to 1.4110, the pair rose sharply during the European session to $1.4160. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.4160), but on the four-hour chart it remains above MA (200) H4 ($1.4050). Technically speaking, a strong resistance level of MA (200) H1 ($1.4160) can keep prices rising. The lower bound of $1.4110 represents the support level. The most likely range of the pair's movement for today may be hidden within the range of $1.4110-1.4200
⦁ Resistance levels are: $1.4200, $1.4250, $1.4315
⦁ Support levels are: $1.4110, $1.4075-80, $1.4035
The main scenario for the pair's promotion - the pair may rise to $1.4200 (June 3 high)
An alternative scenario - breakout of the session low of $1.4110 and may be a decline to $1.4075-80 (May 17 and June 4 lows)
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