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- The GBP / USD pair declined sharply and fell below the MA (200) H1
The GBP / USD pair declined sharply and fell below the MA (200) H1
Today, the GBP / USD pair fell sharply from $1.3440 to $1.3300, retreating from the highs of early September reached yesterday. The pair fell below the moving average of MA (200) H1 ($1.3345), while on the four-hour chart it remains above MA (200) H4 ($1.3150). The support of $1.3290 may keep the pair from further decline. If it breaks through, the pair may fall to $1.3240. The upper limit of $1.3440 represents resistance. The most likely range of movement of the pair today can be hidden within the range of $1.3290-1.3440.
⦁ Resistance levels are at: $1.3345, $1.3395, $1.3440
⦁ Support levels are at: $1.3290, $1.3240, $1.3195
The main scenario for the pair's promotion - correction, and there may be a rise to the session high of $1.3440
An alternative scenario - if the support of $1.3290 (November 24 and 27 low) is broken, the pair may fall to $1.3240 (November 20 low)
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