Does it shift from here? Get and stay above 1.3835.
The GBPUSD tumbled on EU/UK Brexit anxiety today, and the fall took the price down to the 61.8 retracement of the 2018 trading range. That comes in at 1.3797. The 200 bar MA on the 4-hour comes in at 1.3801. The low on the fall extended down to 1.3789 on the extreme. The fall, did crack below the 1.3818-35. That area was a swing area going back to mid January. The low earlier this week stalled the fall at the 1.3834. Can the price move back above the area now and stay above? That is the trading question today technically.
The 1.3835 is not only a level of importance this year, but also was a swing low going back to Feb 29, 2016 (see chart below). A level of importance for a couple reasons.
