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.  



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