Three target support levels lining up for the GBPUSD
The GBPUSD has fallen away from the 100 hour MA at 1.2712 and the 200 bar MA on the 4-hour chart at 1.26984 and moves toward lower support targets. There are 3 targets at:
- 100 bar MA on the 4-hour at 1.26766
- A trend line of recent lows at 1.26707
- 200 hour MA at 1.26621
There are also a swing area at the 1.2662-706.
The bias would turn more bearish on successive breaks of the lower targets.
PS. The high today stalled near the 1.2727 level. There is something about that level/area going back in time. The high reached 1.27241 today.
