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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP/USD pair is trading in the range of 1.2680-1.2725 and is testing the MA (200) H1 (1.2715) moving average line on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the resistance of 1.2730 is still keeping GBP/USD from further growth. If this level is passed, the pair may rise to 1.2810. The lower bound of 1.2605 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 1.2665-1.2730
⦁ Resistance levels are: 1.2730, 1.2810, 1.2925
⦁ Support levels are: 1.2665, 1.2605, 1.2570
The main scenario for the pair's promotion assumes a breakout of support at 1.2665 (Dec 17 low) and may be a decrease to 1.2605 (Dec 16 low)
An alternative scenario implies a breakout of the resistance of 1.2720 (Dec 17 high) and there may be an increase to 1.2810 (Dec 6 high)
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