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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 $1.3435 to $1.3515 and is testing the MA (200) H1 moving average line ($1.3485) on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, a strong resistance level of $1.3525 may keep prices from rising further. If it breaks through, the pair may rise to $1.3565. The lower bound of $1.3435 represents the support level. The most likely range of movement of GBP/USD for today may be hidden within the range of $1.3435-1.3525
⦁ Resistance levels are: $1.3525, $1.3565, $1.3600
⦁ Support levels are: $1.3435, $1.3395, $1.3360
The main scenario for the pair's promotion — correction and may be a decline to the session low of $1.3435
An alternative scenario — the resistance breakout is $1.3525 (January 26 high) and the pair may rise to $1.3565 (January 24 high)
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