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.  

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