- Analytics
- Market analysis
- Technical Analysis
- GBP / USD remains above the MA (200) H1.
GBP / USD remains above the MA (200) H1.
Today, the GBP / USD pair is trading slightly lower from 1.2820 to 1.2775 after rising last week to an 8-month high of 1.2895. On the hourly chart, the pair remains above the MA (200) H1(1.2730) moving average line and on the four-hour chart above the MA (200) H4 (1.2665). Technically speaking, the resistance level at 1.2860 may keep prices from rising further. In case it is broken, the pair may rise to 1.2895. The lower boundary of 1.2720 represents a strong support level.
⦁ Resistance levels are: 1.2860, 1.2895, 1.2995
⦁ Support levels are: 1.2720-30, 1.2670, 1.2600
The main scenario for the pair suggests a break of resistance at 1.2860 (March 11 high) and a possible rise to 1.2895 (March 8 high)
The alternative scenario implies a break of support at 1.2720-30 (March 7 low, MA (200) H1) and a decline to 1.2670 (March 5 low).
© 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
