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- GBP/USD remains below MA (200) H1
GBP/USD remains below MA (200) H1
Today, the GBP/USD pair is mainly growing in the range of 1.2885-1.2925 after a sharp decline yesterday to the lowest value since mid-August of 1.2885. On the hourly chart, the pair remains slightly below the moving average line MA (200) H1 (1.2965) and on the four-hour chart below MA (200) H4 (1.3130). Technically speaking, the resistance of 1.3000 can keep GBP/USD from further growth. If this level is passed, then GBP/USD may rise to 1.3045. The lower bound of 1.2845 represents a strong support level.
⦁ Resistance levels are: 1.3000, 1.3045, 1.3070
⦁ Support levels are: 1.2885, 1.2845, 1.2800
The main scenario for the pair's promotion assumes a breakout of the session low of 1.2885 and may be a decrease to 1.2845 (Oct 31 low)
An alternative scenario implies a breakout of MA (200) H1 (1.2965), an increase to 1.3000 (Oct 31 high) and then, maybe, to 1.3045 (Oct 30 high)
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