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- GBP/USD is growing and testing MA (200) H1
GBP/USD is growing and testing MA (200) H1
Today, the GBP/USD pair is trading with an increase from $1.3200 to $1.3260 and is testing the MA (200) H1 moving average line ($1.3245) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 ($1.3350). The technical resistance of $1.3260 may keep the pair from further growth. If it breaks through, GBP/USD may rise to $1.3290. The lower bound of $1.3200 represents the resistance level. The most probable range of the pair's movement today may be hidden in the aisles of the existing range of $1.3200-1.3260
⦁ Resistance levels are: $1.3260, $1.3290, $1.3340
⦁ Support levels are: $1.3200, $1.3160-70, $1.3135
The main scenario for the pair's promotion — correction, breakout of the session low of $1.3200 and there may be a decline to $1.3160-70 (December 8-9, 15 and 20 lows)
An alternative scenario — if the session high of $1.3260 is broken, the pair may rise to $1.3290 (December 6-7 high)
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