Today, the GBP/USD pair is trading in the range of $1.3005-60 - near the monthly high, and above the MA (200) H1 moving average line ($1.2930). On the four-hour chart, the pair also rose slightly above the MA (200) H4 ($1.2990). The session high of $1.3060 may keep GBP/USD from further growth. If it breaks through, the price may rise to $1.3170. On the other hand, a break of the session low of $1.3005 may push the pair to decline to $1.2920-30. The most likely range of price movement today may be hidden within the range of $1.2920 -1.3060
⦁ Resistance levels are at: $1.3060, $1.3170, $1.3320
⦁ Support levels are at: $1.3005, $1.2920-30, $1.2845
The main scenario for the pair's promotion - break of the session high of $1.3060 and possible growth of the pair to $1.3170 (September 8 high)
An alternative scenario - if the session low of $1.3005 breaks (September 16-18 and October 6 high), the pair is likely to decline to $1.2920-30 (October 9 low, MA (200) H1)
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