Technical analysis of GBP/USD 05/14/2020

The GBP/USD currency pair on the daily chart found resistance at 1.2640, which coincides with MA200.
At the moment, the pair is testing support level 1.2200. If the price manages to stay below this level, this will open the way to March lows at 1.1400.
The cancellation of the falling option will be a breakdown of the resistance area 1.2650 (the intersection of MA100 and MA200), which will open the opportunity for growth to a maximum of 1.3200.


Created by Joshua Hayn

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