GBP/USD testing MA 200 H1 support

Yesterday morning, the GBP/USD rose in the morning to around $1.3105. However, already during the American session, the pound began to fall sharply and closed the day in the red zone near the level of $1.3055. Today, the GBP/USD is trading in a narrow range of $1.3050-65. On the hourly chart, the British currency fell to the line of the moving average MA (200) H1 ($1.3060) and for the second day is testing this support for strength. At the same time, on the four-hour chart, the GBP/USD again returned below the MA 200 H4 moving average line ($1.3105) and today the GBP/USD will also try to gain a foothold there.

• Resistance levels are at: $1.3105, $1.3170, $1.3210

• Support levels are at: $1.3035, $1.2995, $1.2960

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