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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP / USD pair is mainly declining $1.1550 to $1.1485, having lost almost all the positions gained yesterday. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.1555), but on the four-hour chart it remains below MA (200) H4 ($1.1845). Technically speaking, the support of $1.1460 can keep prices from further decline. The upper limit of $1.1740-60 represents the resistance level.
⦁ Resistance levels are: $1.1590, $1.1650, $1.1740-60
⦁ Support levels are: $1.1460, $1.1405, $1.1300
The main scenario assumes a breakout of support $1.1460-80 (September 8 low) and there may be a decline to $1.1405 (September 7 low)
The alternative scenario assumes a breakout of the resistance of $1.1590 (September 14 high) followed by a likely increase to $1.1740-60 (August 30 and September 13 highs)
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