- Analytics
- Market analysis
- Technical Analysis
- GBP / USD is testing the strength of MA (200) H1
GBP / USD is testing the strength of MA (200) H1
Today, the GBP/USD pair is trading in the range of 1.2735-90 - slightly below the monthly high of 1.2810 reached last week on Friday. On the hourly chart, the pair tests the strength of the moving average line MA (200) H1 (1.2725) and on the four-hour chart it tests MA (200) H4 (1.2770). Technically speaking, the support of 1.2715 keeps GBP/USD from further decline for now. If this level is passed, then GBP/USD may fall to 1.2615. The upper limit of 1.2810 represents a strong resistance level. The most likely range of the pair's movement for today may be hidden within the existing range of 1.2715-1.2810.
⦁ Resistance levels are: 1.2810, 1.2925, 1.3010
⦁ Support levels are: 1.2715, 1.2615, 1.2570
The main scenario for the pair's promotion assumes an increase to 1.2810 (Dec 6 high) and then, maybe, to 1.2925 (Nov 11 high)
An alternative scenario implies a breakout of support at 1.2715 (Dec 9 and 11 low) and there may be a decrease to 1.2615 (Dec 2 low)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
