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- GBP/USD is trading near a 5-week high
GBP/USD is trading near a 5-week high
Today, the GBP/USD pair is trading in the range of $1.3410-40 - about the 5-week high of $1.3460 reached yesterday. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.3340) and on the four-hour chart - above MA (200) H4 ($1.3330). In this situation, the scenario of further growth of the GBP / USD pair is likely. Finding a buy position can be a wise decision for those who want to take advantage of a stronger British pound.
⦁ Resistance levels are: $1.3460, $1.3510, $1.3565
⦁ Support levels are: $1.3385, $1.3340, $1.3240
The main scenario for the pair's promotion — the resistance breakout is $1.3460 (December 28 high) and there may be an increase to $1.3510 (November 18-19 high)
An alternative scenario — support breakout is $1.3385 (December 24 low) and there may be a decline to $1.3340 (December 23 low)
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