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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 1.2675-1.2725, and on the hourly chart it is testing the moving average line MA (200) H1(1.2705). On the four-hour chart, GBP / USD is testing the MA (200) H4(1.2675). Technically speaking, the support at 1.2650 may keep prices from further declines. In case of its breakdown, the pair may fall to 1.2595. The upper boundary of 1.2785 represents a strong resistance level.
⦁ Resistance levels are: 1.2725, 1.2785, 1.2830
⦁ Support levels are: 1.2650, 1.2595, 1.2500
The main scenario for the pair suggests a break of support at 1.2650 (Jan 18 low) and a possible decline to 1.2595 (Jan 17 low)
An alternative scenario implies a break of the session high of 1.2725 and maybe a rise to 1.2785 (Jan 12 high)
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