- Analytics
- Market analysis
- Technical Analysis
- GBP / USD is declining and testing the MA (200) H1.
GBP / USD is declining and testing the MA (200) H1.
Today, the GBP / USD pair is mostly declining from 1.2765 to 1.2705 and is testing the MA (200) H1(1.2715) moving average line on the hourly chart. On the four-hour chart, the pair remains slightly above the MA (200) H4(1.2650). Technically speaking, the support level of 1.2610 may keep prices from further declines. If it is broken, the pair may fall to 1.2500. The upper boundary of 1.2770 is a strong resistance level.
⦁ Resistance levels are: 1.2770, 1.2830, 1.2890
⦁ Support levels are: 1.2675, 1.2610, 1.2500
The main scenario for the pair suggests a rise to 1.2770 (Dec 29 and Jan 5 high) and then, maybe, to 1.2830 (Dec 28 high)
The alternative scenario implies a break of support 1.2675 (Jan 8 low) and there could be a decline to 1.2610 (Dec 14, Dec 21 and Jan 2-3 and Jan 5 lows)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
