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- GBP / USD rose to a 15-month high
GBP / USD rose to a 15-month high
The GBP / USD pair is trading in the $1.2915-70 range today, having reached a new 15-month high. This week, the pair broke through the $1.2850 resistance, which was the nearest support. On the hourly chart, the pair remains above the MA (200) H1 moving average line ($1.2760) and on the four-hour chart above the MA (200) H4 ($1.2635). In this situation, the scenario of further growth of the GBP / USD pair is likely. Finding a buy position may be a wise decision for those who want to benefit from a stronger British pound.
⦁ Resistance levels are: $1.2970, $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 $1.2970 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).
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