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- The GBP / USD pair declined, but remains near the highs of early September
The GBP / USD pair declined, but remains near the highs of early September
Today, the GBP / USD pair is trading mostly with a decline in the range of $1.3305-85, but remains near the high of early September ($1.3395), reached on Monday. The pair is trading above MA (200) H1 ($1.3265) on the hourly chart and above MA (200) H4 ($1.3090) on the four - hour chart. The $1.3290 support may keep the GBP / USD from falling further. If it breaks through, the pair may fall to $1.3260-65. The upper limit of $1.3395 represents the resistance level. If this level is passed, the pair can rise to $1.3480. The most likely range of movement of the pair today can be hidden within the range of $1.3260-$1.3395.
⦁ Resistance levels are at: $1.3395-1.3400, $1.3480, $1.3520
⦁ Support levels are at: $1.3290, $1.3260-65, $1.3195
The main scenario for the pair's promotion - the pair may grow to $1.3395-1.3400 (September 2 and November 23 highs)
An alternative scenario - if the support of $1.3290 is broken (November 24 low), the pair may decline to $1.3260-65 (November 23 low, MA (200) H1)
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