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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 mainly with an increase in the range of $1.3265-1.3335. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3340) and on the four-hour chart - below MA (200) H4 ($1.3540). Technically speaking, the resistance of $1.3370 may keep prices from rising. If it breaks through, GBP/USD may rise to $1.3410. The lower bound of $1.3260 represents the support level. The most probable range of the pair's movement for today may be hidden within the existing range of $1.3260-1.3370.
⦁ Resistance levels are: $1.3370, $1.3410, $1.3450
⦁ Support levels are: $1.3260, $1.3190-95, $1.3135
The main scenario for the pair's promotion — breakout of the session low of $1.3260 and there may be a decline to $1.3190-95 (December 21’ 2020 and November 30 lows)
An alternative scenario — if the resistance of $1.3370 (November 30 high) is broken, then the pair can rise to $1.3410 (November 23 high)
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