Analiza techniczna

Today, the GBP/USD pair fell from $1.3735 to $1.3650, and retreated from the high of the end of April 2018. On the hourly chart, the pair remains above the moving average line MA (200) H1 ($1.3645), and on the four - hour chart-above MA (200) H4 ($1.3520). In this situation, it is probably worth sticking to the north direction in trading, and at the end of the correction, you should look for exit points to buy.

⦁ Resistance levels are: $1.3745, $1.3795, $1.3930

⦁ Support levels are: $1.3620-45, $1.3520, $1.3450

The main scenario for the pair's promotion - break of the resistance of $1.3745 (January 21 high) and then, maybe, a rise to $1.3795 (April 30’ 2018 high)

An alternative scenario - if the area of $1.3620-45 (January 20 low, MA (200) H1) is broken, the pair may decline to $1.3520 (January 18 low)

Yesterday the GBP/USD was trading higher and closed the day in positive territory around the $1.3735. Today it was trading in a narrow range of $1.3710-35, staying near the highs of April 2018. On the hourly chart, GBP/USD is still trading above the moving average MA (200) H1 ($1.3635). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the GBP/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

• Resistances levels are at: $1.3745, $1.3785, $1.3935

• Support levels are at: $1.3625, $1.3585, $1.3520

Probably, the main scenario - is an increase to $1.3745 (Jan 21 high). An alternative scenario - may be consolidation below the MA 200 H1 level with a subsequent decline to $1.3520 (Jan 18 low).