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- GBP / USD fell sharply to the lows of mid-August
GBP / USD fell sharply to the lows of mid-August
Today, the GBP/USD pair dropped sharply from 1.3050 to 1.2840, reaching the lows of mid-August. On the hourly chart, the pair broke through the moving average line MA (200) H1 (1.2960) and on the four-hour chart, the pair remained below MA (200) H4 (1.3100). Technically speaking, the 1.2800 support can keep GBP/USD from further decline. If this level is passed, then GBP/USD may fall to 1.2725. The upper limit of 1.3050 represents a strong resistance level.
⦁ Resistance levels are: 1.2960, 1.3050, 1.3080
⦁ Support levels are: 1.2800, 1.2725, 1.2665
The main scenario for the pair's promotion assumes a decrease to 1.2800 (Aug 15 low) and then, maybe, to 1.2725 (Aug 9 low)
An alternative scenario implies an increase in MA (200) H1 (1.2960) and then, perhaps, to the session maximum of 1.3050
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