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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today, the GBP / USD pair is trading in the range of 1.2665-1.2700 and is testing the moving average line MA (200) H1(1.2700) on the hourly chart. On the four-hour chart, the situation is similar. Technically speaking, the resistance at 1.2720 may keep prices from further growth. In case it is broken, the pair may rise to 1.2760. The upper boundary of 1.2640 represents a strong support level.
⦁ Resistance levels are: 1.2720, 1.2760, 1.2775-85
⦁ Support levels are: 1.2640, 1.2595, 1.2500
The main scenario for the pair suggests a break of the support at 1.2640 (Jan 30 low) and maybe a decline to 1.2595 (Jan 17 low)
The alternative scenario implies a rise to 1.2720 (Jan 29-30 high) and then, maybe, to 1.2760 (Jan 26 high).
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