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- GBP / USD rose to a 15-month high
GBP / USD rose to a 15-month high
Today, the pair GBP / USD basically grows from $1.2860 to $1.2935, reaching a 15-month high. Yesterday, the pair broke through the resistance of $1.2850, which became the nearest support. On the hour chart, the pair remains above the moving average line of MA (200) H1 ($1.2725) and on the four-hour chart above MA (200) H4 ($1.2615). In this situation, a scenario of further growth of the pair GBP / USD is likely. Finding a position to buy can be a wise decision for those who want to benefit from a stronger British pound.
⦁ Resistance levels are: $1.2935, $1.3090, $1.3185
⦁ Support levels are: $1.2850, $1.2725-50, $1.2660
The main scenario of the pair’s promotion implies a breakthrough of the sessional maximum of $1.2935 and may be an increase to $1.3090 (April 21’ 2022 high).
An alternative scenario assumes a break in support of $1.2850 (July 7 high) and may be a decline to $1.2725-50 (July 7-10 lows, MA (200) H1).
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