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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP/USD pair is trading in the range of 1.2680-1.2705 and is testing the MA (200) H1 (1.2695) moving average line on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the resistance of 1.2740 may keep the pair from further growth. If this level is passed, then GBP/USD may rise to 1.2815. The lower bound of 1.2620 represents a strong support level. If it breaks through, the pair may fall to 1.2580.
⦁ Resistance levels are: 1.2740, 1.2815, 1.2860
⦁ Support levels are: 1.2660, 1.2620, 1.2580
The main scenario for the pair's promotion assumes a breakout of support at 1.2660 (June 14-17 low) and there may be a decrease to 1.2620 (June 21 low)
An alternative scenario implies a breakout of the resistance at 1.2740 (June 19 high) and 1.2815 (June 4 and 7 high), and then maybe to 1.2860 (June 12 high)
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