Tests underside of broken trend line again
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 touch of the line (see blue circles). Above is the 100 bar MA (blue line). Can the price now stay below that line and get something going now? The 100 bar MA comes in at 1.4848.
PS there have been no closes below the 100 hour MA today.
