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- GBP / USD is trading near 15-month highs
GBP / USD is trading near 15-month highs
The GBP / USD pair is trading in the range of $1.3070-1.3125 today, after rising last week to a 15-month high of $1.3140. On the hourly chart, the pair rose above the MA (200) H1($1.2945) moving average line and on the four-hour chart above the MA (200) H4($1.2715). In this situation, the scenario of further growth of 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: $1.3140, $1.3185, $1.3220
⦁ Support levels are: $1.3050, $1.2980, $1.2900
The main scenario of the pair's advance implies a break of resistance at $1.3140 (July 13-14 high) and there could be a rise to $1.3185 (March 30’ 2022 high).
The alternative scenario implies a break of support at $1.3050 (July 17 low) and there could be a decline to $1.2980 (July 13 low).
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