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- GBP/USD is trading near a 2.5-month high
GBP/USD is trading near a 2.5-month high
Today, the GBP/USD pair is trading in the range of $1.1740-.1830 - about the 2.5-month high reached on Friday. On the hourly chart, the pair was fixed above the moving average line MA (200) H1 ($1.1475) and on the four-hour chart above MA (200) H4 ($1.1335). In this situation, the scenario of further growth of the GBP / USD pair is likely. Technically speaking, the resistance of $1.1900 may keep prices from rising further. The lower bound of $1.1335 represents the support level.
⦁ Resistance levels are: $1.1855, $1.1900, $1.2080
⦁ Support levels are: $1.1645, $1.1475, $1.1335
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.1855 (November 11 high) and there may be an increase to $1.1900 (August 26 high)
The alternative scenario assumes a breakout of the support of $1.1645 (October 27 high, November 11 low) and there may be a decline to $1.1335 (November 9 low)
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