- Analytics
- Market analysis
- Technical Analysis
- GBP/USD hits new 4-month High
GBP/USD hits new 4-month High
There is a steady upward trend on the hourly chart of GBP/USD today. The pair is mainly growing in the range of 1.2870-1.2955, reaching a new 4-month high. The MA (200) H1 moving average line (1.2780) remains below the current price, which confirms the uptrend. The MACD histogram is starting to show signs of slowing growth, but remains in the positive zone, which confirms the strength of the bulls. GBP/USD maintains a bullish trend, but a short-term correction is possible near 1.2955. Consolidation above this level will pave the way for further growth. In case of a pullback, the key supports will be 1.2860 and 1.2770.
Resistance levels are: 1.2955, 1.3010, 1.3050
Support levels are: 1.2860, 1.2770-80, 1.2680
The main scenario for the pair's advance suggests a breakout of the session high of 1.2955 and there may be an increase to 1.3010 (Nov 7 high)
An alternative scenario implies a breakout of the support 1.2860 (March 6 low) and there may be a decline to 1.2770-80 (March 5 low, MA (200) H1)
© 2000-2025. 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.
