Today, the GBP/USD pair is growing from $1.3720 to $1.3775 and is testing the strength of the MA (200) H1 moving average line ($1.3775) on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 ($1.3685). Technically speaking, a strong resistance level of $1.3780 can keep prices from rising further. The lower bound of $1.3710 represents the support level. The most likely range of price movements for today may be hidden within the existing range of $1.3710-80.
⦁ Resistance levels are: $1.3775-80, $1.3835-50, $1.3915
⦁ Support levels are: $1.3710, $1.3670, $1.3570
The main scenario for the pair's promotion — the resistance breakout is $1.3775-80 (October 27 high, session maximum, MA (200) H1) and there may be an increase to $1.3835 (October 19-21 high)
An alternative scenario — correction and there may be a decrease to $1.3710 (October 18 and 27 low)
