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- GBP / USD remains under the control of the bulls
GBP / USD remains under the control of the bulls
Today, the GBP/USD pair is trading in the range ($1.3125-65) - near the closing level of yesterday's session, after rising yesterday from $1.3060 to $1.3170. On the hourly chart, the pair rose slightly above the moving average line of MA (200) H1 ($1.3135), and on the four-hour chart, it is trading well above MA (200) H4 ($1.2935), remaining under the control of the bulls. In this situation, it is probably worth continuing to follow the North direction in trading, and look for entry points to buy.
⦁ Resistance levels are at: $1.3170, $1.3255-65, $1.3285
⦁ Support levels are at: $1.3125, $1.3055, $1.3005
The main scenario for promoting the pair — a break above MA (200) H1 ($1.3135), break of yesterday's high of $1.3170 and an increase to $1.3255-65 (peaks 19 and 21 Aug)
Alternative scenario implies a breakthrough session low at $1.3125 and reduced to $1.3055 (minimum 24 August)
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