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- GBP/USD rose to a 10-day high
GBP/USD rose to a 10-day high
Today, the GBP/USD pair is mainly growing from $1.1675 to a 10-day high of $1.1730. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.1560), but on the four-hour chart it remains below MA (200) H4 ($1.1885). Technically speaking, the resistance of $1.1760 may keep prices from rising further. The lower bound of $1.1550-60 represents the support level.
⦁ Resistance levels are: $1.1760, $1.1900, $1.2080
⦁ Support levels are: $1.1675, $1.1550-60, $1.1460
The main scenario assumes a breakout of the session minimum of $1.1675 and there may be a decline to $1.1550-60 (low of the American session on September 9, MA (200) H1
The alternative scenario assumes a breakout of the resistance of $1.1760 (August 30 high) followed by a likely increase to $1.1900 (August 26 high)
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