Today, the GBP/USD pair is trading in the range of $1.3315-55 - about an 11-month low. On the hourly chart, the pair dropped below the moving average line MA (200) H1 ($1.3420), and on the four-hour chart, the pair remains below MA (200) H4 ($1.3595). Based on this, it is probably worth sticking to the southern direction in trading, and perhaps you should look for exit points for sale at the end of the correction.
⦁ Resistance levels are: $1.3355, $1.3390, $1.3410-20
⦁ Support levels are: $1.3305-15, $1.3190, $1.3135
The main scenario for the pair's promotion — support breakthrough of $1.3305-15 (December 22’ 2020, November 24 lows, session low) and there may be a decline to $1.3190 (December 21’ 2020 low)
An alternative scenario — breakout of the session high of $1.3355 and there may be an increase to $1.3390 (November 24 high)
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