GBP/USD remains below MA (200) H1

Today, the GBP/USD pair is trading in the range of $1.3275-1.3330, retreating from the almost one-year low ($1.3190) reached yesterday. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.3355) and on the four-hour chart - below MA (200) H4 ($1.3555). 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: $1.3355-70, $1.3410, $1.3450

⦁ Support levels are:  $1.3275, $1.3190-95, $1.3135

The main scenario for the pair's promotion — breakout of the session low of $1.3275 and there may be a decline to $1.3190-95 (December 21’ 2020 and November 30 lows)

An alternative scenario — if the resistance of $1.3355-70 (November 26-30 highs, MA (200) H1) is broken, then the pair may rise to $1.3410 (November 23 high)