- Analytics
- Market analysis
- Technical Analysis
- GBP /USD is declining and testing МА (200) Н1
GBP /USD is declining and testing МА (200) Н1
Today, the GBP/USD pair is mainly declining from 1.2765 to 1.2690 and is testing the MA (200) H1 (1.2760) moving average line on the hourly chart. On the four-hour chart, the pair remains slightly above MA (200) H4 (1.2665). Technically speaking, the support of 1.2675 may keep the pair from further decline. If this level is passed, then GBP/USD may fall to 1.2645. The upper limit of 1.2860 represents a strong resistance level.
⦁ Resistance levels are: 1.2765, 1.2815, 1.2860
⦁ Support levels are: 1.2675-85, 1.2645, 1.2500
The main scenario for the pair's promotion assumes an increase to the session maximum of 1.2765 and then to 1.2815 (June 4 and 7 high) and may be to 1.2860 (June 12 high)
An alternative scenario implies a breakout of support at 1.2675-85 (May 24 and 30, June 10 lows) and there may be a decrease to 1.2645 (May 16-17 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
