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- GBP/USD rose slightly above MA (200) H1
GBP/USD rose slightly above MA (200) H1
Today, the GBP/USD pair is mainly growing in the range of 1.2690-1.2740 and on the hourly chart it rose slightly above the moving average line MA (200) H1 (1.2650). On the four-hour chart, the pair remains below MA (200) H4 (1.2800). Technically speaking, the resistance of 1.2770 may keep GBP/USD from further growth. If this level is passed, then GBP/USD may rise to 1.2835. The lower bound of 1.2615 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 1.2615-1.2770.
⦁ Resistance levels are: 1.2750-70, 1.2835, 1.2925
⦁ Support levels are: 1.2650, 1.2615, 1.2570
The main scenario for the pair's promotion assumes a breakthrough of MA (200) H1 (1.2650), a decrease to 1.2615 (Dec 2 low) and then, maybe, to 1.2570 (Nov 27 low)
An alternative scenario implies a breakout of the resistance of 1.2750-70 (Nov 13 and 29 highs) and there may be an increase to 1.2835 (Nov 6 low)
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