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- GBP/USD remains below MA (200) H1
GBP/USD remains below MA (200) H1
Today, the GBP/USD pair is trading with an increase in the $1.3660-1.3710 range, having regained some positions lost on Friday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3720) and on the four - hour chart-below MA (200) H4 ($1.3765). In this situation, it is probably necessary to stick to the southern direction in trading, and, perhaps, it is worth looking for exit points for sale, at the end of the correction.
⦁ Resistance levels are: $1.3720, $1.3750, $1.3810
⦁ Support levels are: $1.3660, $1.3600-10, $1.3570
The main scenario for the pair's promotion — support breakout is $1.3660 (September 24 low, session minimum) and there may be a decline to $1.3600-10 (August 20 and September 22-23 lows)
An alternative scenario — if the MA (200) H1 ($1.3720) line is broken, the pair may rise to $1.3750 (September 23 high)
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