GBPUSD runs higher into the Friday fixing

Technical Analysis

Author: Greg Michalowski | gbpusd

Evan's is more dovish too

The GBPUSD is moving higher and trading at a new session high as the Friday fixing approaches at the top of the hour and Fed's Evan is a bit more dovish (see a couple cuts, focused on global growth slowing and risk to inflation). 

GBPUSD on the hourly chart moves away from 200 hour MA toward 1.2570

The 1.2570 area is topside target. That is the 38.2% of the move down from teh June 25 high and high from yesterday.  The pair is also moving away from the 200 hour MA (See earlier post).  

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