Tests underside of broken trend line again. 100 bar MA now eyed.
The GBPUSD continues to chop up and down in trading today, but like the EURUSD has move to new day lows. The fall has taken the price to once again test the broken trend line (see 4-hour chart below). The bounce off the level is the 5th separate touch of the line (see blue circles). Above this level is the 100 bar MA (blue line). That level comes in at 1.4848. Stay below the moving average, and the bears will keep control of the bias..
PS there have been no closes below the 100 bar MA since April 3rd.
