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- GBP/USD is growing and testing MA (200) H1
GBP/USD is growing and testing MA (200) H1
Today, the GBP/USD pair is mainly growing from 1.2575 to 1.2675. The pair is testing the strength of the MA (200) H1 moving average line (1.2630), which indicates a possible continuation of the upward movement. The histogram has moved into a positive zone, which confirms the upward momentum. The fast MACD line also shows a buy signal. GBP/USD is showing signs of bullish movement. The important resistance level is 1.2690 and if it is broken, we can expect continued growth. The lower boundary of 1.2550 represents a strong support level.
Resistance levels are: 1.2690, 1.2715-30, 1.2790
Support levels are: 1.2550-60, 1.2430, 1.2375
The main scenario for the pair's advance assumes an increase of 1.2690 (Feb 27 high) and then, perhaps, to 1.2715-30 (Dec 17-18 and Feb 26 highs)
An alternative scenario implies a decline to 1.2550-60 (Feb 14, 19 and 28 lows)
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