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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 mainly growing from $1.2400 to $1.2490, having regained most of the positions lost yesterday. On the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.2435). On the four-hour chart, the pair remains above MA (200) H4 ($1.2335). Technically speaking, the resistance of 1.2510 can keep prices from rising. The lower bound of $1.2385 represents the support level.
⦁ Resistance levels are: $1.2510, $1.2550, $1.2600
⦁ Support levels are: $1.2385, $1.2345-55, $1.2275
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.2510 (April 25 high) and there may be an increase to $1.2550 (April 14 high)
An alternative scenario implies a breakout of the support of $1.2385 (April 25 low) and there may be a decline to $1.2345-55 (April 10 and 17 lows)
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