- Analytics
- Market analysis
- Technical Analysis
- GBP/USD broke down MA (200) H1
GBP/USD broke down MA (200) H1
On the hourly chart of the GBP/USD pair, there is an attempt to turn down after an unsuccessful attempt to overcome the resistance level of 1.3580. The price dropped below the MA (200) H1 moving average, which indicates a possible strengthening of the downward momentum. The nearest support is at 1.3520, the breakdown of which may open the way to 1.3490. The MACD indicator shows the development of a bearish divergence, and the histogram has gone into a negative zone, which confirms the pressure from sellers. The overall technical picture suggests the possibility of a further decline in the pair in the short term if buyers fail to bring the price back above the midline and the 1.3580 level.
Resistance levels are: 1.3580, 1.3620-35, 1.3695
Support levels are: 1.3520, 1.3490, 1.3450-65
The main scenario for the pair's advance suggests a breakout of the session high of 1.3580 and may lead to an increase of 1.3620-35 (June 13-16 high)
An alternative scenario implies a breakout of the support 1.3520 (June 12-13 low) 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
