- Analytics
- Market analysis
- Technical Analysis
- GBP/USD holds above MA (200) H1
GBP/USD holds above MA (200) H1
On the hourly chart, the GBP/USD pair maintains an upward trend, remaining above the MA (200) H1 moving average, which confirms a steady bullish momentum. After correcting from the local maximum around 1.3620, the price stabilized above the support level of 1.3510 and is again showing signs of recovery. The MACD indicator shows positive dynamics — the histogram expands above the zero line, which indicates an increase in consumer activity. As long as the price remains above the moving average and the 1.3510 level is not broken down, the priority remains with the bulls. The coming sessions may be decisive: a successful consolidation above 1.3585 will strengthen the upward structure, while an unsuccessful attempt at growth may provoke a new wave of profit-taking.
Resistance levels are: 1.3585, 1.3620, 1.3650
Support levels are: 1.3490-1.3510, 1.3450, 1.3415
The main scenario for the pair's advance suggests a breakout of the session high of 1.3585 (June 6 high) and there may be an increase to 1.3620 (June 5 high).
An alternative scenario implies a breakout of the 1.3490-1.3510 area (June 3-4 and 6 lows) and there may be a decline to 1.3450 (May 30 low)
© 2000-2026. 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
