Technical Analysis

GBPUSD moves down to 100 hour MA

50% and 100 hour MA eyed

As London traders head for the exits, the GBPUSD is leaking to the downside.  

Technically, the price has moved to the test the 100 hour MA and the 50% retracement at 1.29484 and 1.20437.  

Below that level is the swing levels from August 22 and August 28 at 1.2935 and 1.2931.  


Articles You May Like

Best Scalping Indicator For Forex Trading// Attached With Metatrader 4// Free Download !! 2019
GBPUSD tests the high from October (and life above 1.3000) but stalls
LIVE Forex Trading – NY Session 1st December 2019
AUD/USD holds weaker after softer Q3 GDP data, what levels to look out for?
Trading 101: How to Get Started Trading

Leave a Reply

Your email address will not be published. Required fields are marked *