Yesterday the GBP/USD traded in different directions in the range of $1.1210-$1.1360 and closed the day without significant changes. Today it also traded in a tight range of $1.1230-70, staying close to a 37-year low. On the hourly chart, GBP/USD is still trading below the MA (200) H1 moving average line ($1.1435). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the GBP/USD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: $1.1360, $1.1455-60, $1.1545
Support levels are at: $1.1200-10, $1.1100, $1.1000
Probably, the main scenario is a continuation of the decline towards $1.1210 (Sep 22 low).
The alternative scenario is a final consolidation above the MA 200 H1 level, followed by a rise to $1.1735 (Sep 13 high).
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