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- The GBP / USD pair fell below MA (200) H1
The GBP / USD pair fell below MA (200) H1
Today, during European trading, the GBP/USD pair fell from $1.2965 to 1.2835 and fell below the MA (200) H1 moving average line ($1.2910). On the four-hour chart, the pair remains below the MA (200) H4 ($1.3100). A strong support level of $1.2815 may keep GBP / USD from falling further. If it breaks through, the price may fall to $1.2760. The session high of $1.2965 and MA (200) H1 ($1.2910) represent resistance levels. If these levels are passed, the pair may follow a correction to $1.3005-65. The most likely range of price movement today may be hidden within the range of $1.2815-1.2965
⦁ Resistance levels are at: $1.2910, $1.2965, $1.3005-65
⦁ Support levels are at: $1.2815-35, $1.2760, $1.2720
The main scenario for the pair's promotion - breakout of the session low of $1.2835 and $1.2815 (September 15 low) and the pair's likely decline to $1.2760 (September 11 low)
An alternative scenario - breakout of MA (200) H1 ($1.2910) and probable growth of the pair to the session maximum of $1.2965
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