- Analytics
- Market analysis
- Technical Analysis
- GBP/USD is testing the strength of MA (200) H1
GBP/USD is testing the strength of MA (200) H1
The hourly chart of GBP/USD shows a consolidation phase after the previous rise, where the price is trapped between support at 1.3260 and resistance at 1.3345. A strong upward momentum since the beginning of April has led to a peak at 1.3445, followed by a correction. The MA (200) H1 moving average is currently positioned above the price and acts as a dynamic resistance. Attempts to grow to this level have not yet been successful, and every upward pullback is met by sellers. The MACD indicator shows weak positive dynamics, but remains near the zero line, which indicates the absence of a confident momentum in any direction. In the near term, the pair may continue to move in the range of 1.3260–1.3345 until one of the boundaries breaks down.
Resistance levels are: 1.3345, 1.3445, 1.3530
Support levels are: 1.3260, 1.3200, 1.3120
The main scenario for the pair's advance assumes a breakout of 1.3345 (May 1 high) and there may be an increase to 1.3445 (April 28-29 high).
An alternative scenario implies a breakout of 1.3260 (May 1 low) and there may be a decline to 1.3200 (April 3 high, April 17 low).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
