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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 with a slight decline from $1.3865 to $1.3835, retreating from the three-week high ($1.3890) reached on Friday. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($1.3770) and on the four - hour chart-above MA (200) H4 ($1.3810). In this situation, it is probably necessary to stick to the northern direction in trading, and it is worth looking for exit points to buy, at the end of the correction.
⦁ Resistance levels are: $1.3890-95, $1.3930, $1.3980
⦁ Support levels are: $1.3815, $1.3765-70, $1.3730
The main scenario for the pair's promotion — correction and may be an increase of $1.3890-95 (August 9 and September 3 highs)
An alternative scenario — if the support of $1.3815 (September 3 low) is broken, the pair may fall to $1.3765-70 (September 2 low, MA (200) H1)
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