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- The GBP/USD has decreased, remaining above MA 200 H1
The GBP/USD has decreased, remaining above MA 200 H1
Yesterday, the GBP/USD traded with an increase and closed the day on a positive territory about $1.2205. Today it, on the contrary, fell a little, dropping to $1.2180. On the hourly graphics, the GBP/USD is still traded above the sliding medium MA (200) H1 ($1.2130). On a four-hour schedule, the situation is similar. Based on the foregoing, it is likely to adhere to the northern direction in trade and while the GBP/USD remains higher than the MA 200 H1, it may be necessary to look for the entrance to the purchase for the formation of correction.
Resistances levels are at: $1.2235, $1.2265, $1.2320-40
Support levels are at: $1.2105, $1.2070, $1.2000
Probably, the main scenario is the resumption of growth to $1.2235 (Dec 7 high).
The alternative scenario involves consolidation below the level of MA 200 H1 with the subsequent fall by $1.1900 (Nov 30 low).
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