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- GBP / USD tests support for MA (200) H1
GBP / USD tests support for MA (200) H1
Today, the GBP/USD pair is trading mainly with a decline from $1.4185 to 1.4130 and is testing the MA (200) H1 ($1.4165) moving average line on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 ($1.4055). Technically speaking, a strong support level of $1.4110 may keep prices from falling further. If it breaks through, prices may drop to $1.4075-80. The upper limit of $1.4200 represents the resistance level. The most likely range of the pair's movement for today may be hidden within the range of $1.4110-1.4200.
⦁ Resistance levels are: $1.4190-1.4200, $1.4250, $1.4315
⦁ Support levels are: $1.4110, $1.4075-80, $1.4035
The main scenario for the pair's promotion - correction and there may be an increase in the pair to $1.4190-1.4200 (June 3-7 highs)
An alternative scenario - break of yesterday's low of $1.4110 and may be a decline to $1.4075-80 (May 17 and June 4 lows)
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