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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 $1.2660-1.2710 and is testing the MA (200) H1 moving average line ($1.2705) on the hourly chart. On the four-hour chart, the pair remains above MA (200) H1 ($1.2555). Technically speaking, the resistance of $1.2760 may keep prices from rising further. The lower bound of $1.2590 represents a strong support level.
⦁ Resistance levels are: $1.2730, $1.2760, $1.2850
⦁ Support levels are: $1.2660, $1.2590, $1.2485
The main scenario of the pair's promotion implies a breakout of the resistance of $1.2730 (June 30 high) and there may be an increase to $1.2760 (June 27 high)
An alternative scenario assumes a breakout of the session minimum of $1.2660 and may be a decline to $1.2590 (June 29 low)
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