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- GBP / USD fell slightly, but remains above MA (200)
GBP / USD fell slightly, but remains above MA (200)
Today, the GBP / USD pair is trading mostly lower in the range of $1.3325-1.3400, after falling from $1.3480 to $1.3370 at the end of yesterday's trading. A strong support level of $1.3300 (August 31 low) may keep the pound from falling further. If it breaks through, the pair may fall to MA (200) H1 ($1.3230) and after breaking through this level, it is likely to further decline to $1.3165 (August 27 low). While GBP / USD remains above MA (200) H1 and MA (200) H4 ($1.3040), it is probably worth continuing to stick to the North direction in trading, and, at the end of the correction, look for entry points to buy.
⦁ Resistance levels are at: $1.3400, $1.3480, $1.3515
⦁ Support levels are at: $1.3300, $1.3230, $1.3165
The main scenario for the pair's promotion - correction, breaking the session high of $1.3400 and rising to $1.3480 (September 1 high).
An alternative scenario - breakout of strong support of $1.3300 (August 31 low) and decline to MA (200) H1 ($1.3230)
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