- Analytics
- Market analysis
- Technical Analysis
- The GBP / USD pair remains slightly above the MA (200) H1
The GBP / USD pair remains slightly above the MA (200) H1
Today, the GBP / USD pair is trading mainly with growth in the range of $1.3300-60 and remains slightly below the high of early September reached earlier last week. The pair remains above MA (200) H1 ($1.3320) on the hourly chart and above MA (200) H4 ($1.3125) on the four - hour chart. The $1.3395 resistance is still keeping GBP / USD from rising. If it breaks through, the pair may rise to $1.3480. The lower bound of $1.3290 represents support. If it is passed, the pair may fall to $1.3240. The most likely range of movement of the pair today can be hidden within the range of $1.3290-1.3395.
⦁ Resistance levels are at: $1.3380-95, $1.3480, $1.3520
⦁ Support levels are at: $1.3290, $1.3240, $1.3195
The main scenario for the pair's promotion - break $1.3380-95 (November 23 and 25-27 highs) and rise to $1.3480 (September 1 high)
An alternative scenario - if the level of MA (200) H1 ($1.3320) is broken and the support is $1.3290 (November 24 and 27 low), then the pair may decline to $1.3240 (November 20 low).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
