GBPUSD's rise halted at 100EMA

Technical Analysis

Author: Giles Coghlan | gbpusd

GBPUSD falling off 100 EMA


The 100 EMA (blue line) halted the rise of GBP/USD on the 15 minute chart. Stay below and we are looking at testing the daily lows again. With all the bearish sentiment around I would expect a second test break through the support level and head through 1.3000



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