Technical analysis

20 November 2020

20:47 GBP / USD remains above MA (200) H1

Today, the GBP / USD pair is trading in the range of $1.3240-90, after rising on Wednesday to a nearly ten-week high ($1.3310) reached earlier on November 11. On the hourly chart, the pair is trading above MA (200) H1 ($1.3220) and on the four - hour chart-above MA (200) H4 ($1.3060). In this situation, finding a buy position may be a wise decision for those who want to take advantage of a stronger pound.


Resistance levels are at:  $1.3310-20, $1.3400, $1.3480

Support levels are at: $1.3240, $1.3195, $1.31.65


The main scenario for the pair's promotion - continuation of the upward movement to $1.310-20 (September 4 and November 18 highs)

An alternative scenario - if the session low of $1.3240 and MA (200) H1 ($1.3220) are broken, the pair may decline to $1.3195 (November 19 low)

GBP / USD remains above MA (200) H1 20.11.2020


20 November 2020, 20:09

EUR / USD is trading above MA (200) H1

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