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- GBP/USD rose to a new 3-week high
GBP/USD rose to a new 3-week high
Today, the GBP/USD pair is mainly growing in the range of 1.2755-95, reaching a new 3-week high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (1.2680) and on the four-hour chart above MA (200) H4 (1.2720). Technically speaking, the resistance of 1.2815 may keep the pair from further growth. If this level is passed, then GBP/USD may rise to 1.2860. The lower bound of 1.2610 represents a strong support level.
⦁ Resistance levels are: 1.2815, 1.2860, 1.2895
⦁ Support levels are: 1.2740, 1.2680, 1.2610
The main scenario for the pair's promotion assumes a breakout of the resistance of 1.2815 (June 4 and 7 high) and there may be an increase to 1.2860 (June 12 high)
An alternative scenario implies a decrease to 1.2740 (June 19 high, July 5 low) and there may be a decrease to 1.2680 (July 3 low, MA (200) H1)
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