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- GBP/USD has fallen to the lows of the beginning of the year
GBP/USD has fallen to the lows of the beginning of the year
Today, the GBP/USD pair continues to decline and has fallen to the lows of the beginning of the year of $1.3485. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.3670) and on the four-hour chart - below MA (200) H4 ($1.3750). In this situation, it is probably necessary to stick to the southern direction in trading, and maybe it is worth looking for exit points for sale.
⦁ Resistance levels are: $1.3555, $1.3670, $1.3750
⦁ Support levels are: $1.3430-50, $1.3305, $1.3190
The main scenario for the pair's promotion — continuation of the downward movement to $1.3430-50 (December 28-29 and January 11 lows)
An alternative scenario — correction and there may be an increase to MA (200) H1 ($1.3670)
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