- Analytics
- Market analysis
- Technical Analysis
- GBP/USD remains above MA (200) H1
GBP/USD remains above MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.2550-1.2320 - about a 3-week high. On the hourly chart, the pair remains above the MA (200) H1 moving average line ($1.2470). On the four-hour chart, the pair is trying to test the strength of MA (200) H4 ($1.2620). Technically speaking, the resistance of $1.2640 may keep prices from rising further. The lower bound of $1.2330 represents the support level.
⦁ Resistance levels are: $1.2640, $1.2770, $1.2985
⦁ Support levels are: $1.2440-65, $1.2330, $1.2220
The main scenario for the pair's promotion — the pair may decline to $1.2440-65 (May 20 low, MA (200) H1) and then, maybe, to $1.2330 (May 18-19 low)
An alternative scenario — the resistance breakout is $1.2640 (May 4-5 high) and there may be an increase to $1.2770 (April 26 high)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
