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- GBP/USD remains slightly below MA (200) H1
GBP/USD remains slightly below MA (200) H1
Today, the GBP/USD pair is trading in the range of $1.3745-1.3810 and remains slightly below the MA (200) H1 moving average line ($1.3815) on the hourly chart. On the four-hour chart, the pair is testing MA (200) H4 ($1.3800). Technically speaking, the support of $1.3765 can keep the pair from falling. If it breaks through, the price may fall to $1.3725. The MA (200) H1 ($1.3815) level represents resistance. The most likely range of the pair's movement for today may be hidden within the range of $1.3765-1.3815.
⦁ Resistance levels are: $1.3815, $1.3850, $1.3910
⦁ Support levels are: $1.3765, $1.3725, $1.3680
The main scenario for the pair's promotion — if the support of $1.3765 (September 16 low) is broken, the pair may fall to $1.3725 (September 8 low)
An alternative scenario — if the level of MA (200) H1 ($1.3815) is broken, the pair can rise to $1.3850 (September 15-16 highs)
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