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- GBP / USD remains above MA (200) H1
GBP / USD remains above MA (200) H1
Today, the GBP / USD pair is trading in the range of $1.3000-50, remaining within yesterday's trading range of $1.2990-1.3075. On the hourly chart, the pair remains above the MA (200) H1 moving average line ($1.3005). On the four-hour chart, the pair is trading above MA (200) H4 ($1.2920). The support of $1.2990-1.305 kept GBP / USD from falling. A break in the $1.3075 resistance may push the pair to rise to $1.3120. It follows that finding a buy exit may be a wise decision for those who want to take advantage of the stronger British pound. The most likely range of price movement to date may be hidden within the range. $1.2990-1.3120
⦁ Resistance levels are at: $1.3075, $1.3120, $1.3175
⦁ Support levels are at: $1.2990-1.3005, $1.2910, $1.2860
The main scenario for the pair's promotion - breakout of the $1.3075 resistance (October 26 high), and the pair's growth to $1.3120 (high on October 23)
An alternative scenario - in case of a breakout of $1.2990-1.3005 (October 26 low, session low, MA (200) H1), the pair is likely to decline to $1.2910 (October 20 low)
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