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- GBP/USD is trading near a one-month high
GBP/USD is trading near a one-month high
Today, the GBP/USD pair is trading in the range of $1.3930-80-about a one-month high. The pair broke through the resistance of $1.3895, which became the nearest support. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.3795) and on the four - hour chart-slightly above MA (200) H4 ($1.3850). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: $1.3980, $1.4010, $1.4130
⦁ Support levels are: $1.3895, $1.3845, $1.3765
The main scenario for the pair's promotion - the resistance breakout is $1.3980 (July 29 high, session maximum) and there may be an increase in the pair of $1.4010 (June 17 high)
An alternative scenario - if the support of $1.3895 (July 14-15 and 27 high, July 29 low) is broken, the pair may fall to $1.3845 (July 28 low)
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