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- GBP/USD is testing MA (200) H1
GBP/USD is testing MA (200) H1
Today, the GBP/USD pair is trading mainly with a decline from $1.3780 to 1.3725, after rising for two days from the low of the beginning of February of $1.3570 to $1.3785. On the hourly chart, the pair tests the moving average line MA (200) H1 ($1.3760), but on the four-hour chart it remains below MA (200) H4 ($1.3890). Technically speaking, the resistance level of $1.3785 can keep prices from rising. The lower limit of $1.3690 represents the support level.
⦁ Resistance levels are: $1.3785, $1.3860, $1.3910
⦁ Support levels are: $1.3690, $1.3570, $1.3520
The main scenario for the pair's promotion - break of yesterday's low of $1.3690 and there may be a decline to $1.3570 (February 4 and July 20 low)
An alternative scenario - if the resistance of $1.3785 (July 22 high) is broken, the pair can rise to $1.3860 (July 16 high)
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