The GBPUSD moves to a new session/week/month

Technical Analysis

Author: Greg Michalowski | gbpusd

Trades at the highest level since November 26

The GBPUSD just traded to a new session/week/month high.

The price reached 1.2855. That is the highest level since November 26th. 
Traders will be eyeing the 50% of the move down from the September high at 1.2875. Above that the 100 day moving average comes in a 1.28914.  

The EURGBP is also on the move. It has reached today toward the Dec 31 low at 0.8931. The 38.2% of the move up form the November low comes in at 0.8921.  

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