- Analytics
- Market analysis
- Technical Analysis
- GBP / USD may test the strength of MA (200) H1.
GBP / USD may test the strength of MA (200) H1.
Today the GBP / USD pair is mainly rising in the range of 1.2610-45 and on the hourly chart it may test the moving average line MA (200) H1(1.2650). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.2650 may keep prices from further growth. If it is broken, the pair may rise to 1.2680 and 1.2710. The lower boundary of 1.26.05 represents a strong support level.
⦁ Resistance levels are: 1.2700-10, 1.2775-85, 1.2830
⦁ Support levels are: 1.2605-20, 1.2580, 1.2535
The main scenario for the pair suggests a break of support 1.2605-10 (Feb 21-22 and 29 lows) and a possible decline to 1.2580 (Feb 20 low)
The alternative scenario implies a break of MA (200) H1(1.2650) and there may be a rise to 1.2680 (Feb 29 high).
© 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
