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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.2705-60 and is testing the MA (200) H1 moving average line ($1.2750) on the hourly chart. On the four-hour chart, the pair remains above MA (200) H1 ($1.2535). Technically speaking, the resistance of $1.2850 may keep prices from rising further. The lower bound of $1.2600 represents the support level.
⦁ Resistance levels are: $1.2760, $1.2850, $1.2970
⦁ Support levels are: $1.2680, $1.2600, $1.2485
The main scenario of the pair's promotion implies a breakout of the session maximum of $1.2760 and there may be an increase to $1.2850 (June 16 high)
The alternative scenario assumes a breakout of the support of $1.2680 (June 23 low) and there may be a decline to $1.2600 (June 14 low).
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