- Analytics
- Market analysis
- Technical Analysis
- GBP/USD is holding above MA (200) H1
GBP/USD is holding above MA (200) H1
On the hourly chart, the GBP/USD pair is experiencing a steady recovery after the consolidation period at the end of May. The price has steadily consolidated above the MA (200) H1 moving average, which indicates the predominance of bullish sentiment. The last candles are showing growth with a breakdown of the 1.3540 level, and the pair is trading near the local resistance of 1.3575. The immediate target for buyers is the 1.3595 level, the breakdown of which will confirm the continuation of the uptrend. The MACD indicator is in the positive zone, the histogram is strengthening, which confirms the presence of an upward momentum. Overall, the technical picture remains favorable for growth, provided the price remains above 1.3540.
Resistance levels are: 1.3595, 1.3650, 1.3750
Support levels are: 1.3540, 1.3490, 1.3450
The main scenario for the pair's advance suggests a breakout of the resistance at 1.3595 (May 26 high) and there may be an increase to 1.3650 (Feb 21’ 2022 high).
An alternative scenario implies a breakout of the session low of 1.3540 and there may be a decline to 1.3490 (June 3 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
