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- GBP / USD tests MA (200) H1
GBP / USD tests MA (200) H1
Today the GBP / USD pair is mostly rising from 1.2705 to 1.2775 and is testing the MA (200) H1(1.2755) moving average line on the hourly chart. On the four-hour chart, the situation is similar. Technically speaking, the resistance at 1.2805 may keep prices from rising further. If broken, GBP / USD could rise to 1.2890. The lower boundary of 1.2620 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 1.2680-1.2805
⦁ Resistance levels are: 1.2790-1.2805, 1.2890, 1.2995
⦁ Support levels are: 1.2680-85, 1.2600-20, 1.2490
The main scenario of the pair's advance suggests a break of the support at 1.2680-85 (August 4 and 8 lows) and there may be a decline to 1.2600-20 (June 14 and August 3 lows)
The alternative scenario implies a rise to 1.2790-1.2805 (August 2 and 4 highs) and there could be a rise to 1.2890 (July 28 high).
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