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- GBP / USD is testing the MA (200) H1.
GBP / USD is testing the MA (200) H1.
Today the GBP / USD pair is trading in the range of 1.2260-1.2310 and on the hourly chart it is testing the moving average line MA (200) H1(1.2270). On the four-hour chart, the pair moved slightly above the MA (200) H4(1.2195). Technically speaking, the resistance level of 1.2310 may keep prices from further growth. If it is broken, the pair may rise to 1.2450. The lower boundary of 1.2070 represents a strong support level.
⦁ Resistance levels are: 1.2310, 1.2430-50, 1.2510
⦁ Support levels are: 1.2185, 1.2155, 1.2070
The main scenario for the pair suggests a break of the resistance at 1.2310 (Nov 9 high) and maybe a rise to 1.2430-50 (Sept 15 and Nov 6 highs)
The alternative scenario implies a break of support at 1.2185 (Nov 10 low) and may be a decline to 1.2155 (Nov 2 low)
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