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- GBP / USD rose to an almost 3-month high.
GBP / USD rose to an almost 3-month high.
The GBP / USD pair is mostly rising in the range of 1.2590-1.2645 today, reaching an almost 3-month high. On the hourly chart, GBP / USD remains above the MA (200) H1(1.2500) moving average line and on the four-hour chart above the MA (200) H4 (1.2285). Technically speaking, the resistance level at 1.2645 may keep prices from rising further. In case it is broken, the pair may rise to 1.2710. The lower boundary of 1.2450 represents a strong support level.
⦁ Resistance levels are: 1.2645, 1.2710, 1.2750
⦁ Support levels are: 1.2590, 1.2525, 1.2450
The main scenario for the pair suggests a break of the resistance at 1.2645 (Sept 4 high, session high) and may rise to 1.2710 (Sept 1 high).
The alternative scenario implies a break of the session low of 1.2590 and maybe a decline to 1.2500-25 (Nov 24 low, MA (200) H1).
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