GBPUSD moves back toward 100 day MA

Technical Analysis

Author: Greg Michalowski | gbpusd

Move higher continues

The GBPUSD's move higher his continuing with the pair approaching its 100 day MA.

Move higher continues

The price of the GBPUSD was bid up into the London 4 PM fixing. The move has taken the price back above the 50% of the 2019 range at 1.2834, above last week's low and 100 hour MA at 1.2852 and is now looking toward the 100 day MA at 1.2879. The high just reached 1.2878. 

The low this week stalled at a lower trend line yesterday.  

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose