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- GBP/USD is trading near a one-year low
GBP/USD is trading near a one-year low
Today, the GBP/USD pair is trading mainly with a decline from $1.3215 to $1.3170 - about a one-year low. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3275) and on the four-hour chart - below MA (200) H4 ($1.3460). In this situation, the scenario of further decline of the GBP/USD pair is likely. Finding a sell position can be a wise decision for those who want to take advantage of a stronger US dollar.
⦁ Resistance levels are: $1.3215, $1.3260-75, $1.3290
⦁ Support levels are: $1.3160, $1.3135, $1.3105
The main scenario for the pair's promotion — the breakthrough of yesterday's low of $1.3160 may be a decrease to $1.3135 (December 11’ 2020 low)
An alternative scenario — growth to the session maximum of $1.3215 and then, maybe, to $1.3260-75 (December 8 high)
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