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GBPUSD bounces near 100 day MA and swing area.

The GBPUSD moved to a session of 1.2615. That was within 3.5 pips of its rising 100-day moving average at 1.26115. Support buyers leaned against the level along with a swing area between 1.25987 and 1.26798. The price has bounced sharply and currently trades just below the 1.2700 level. With the 100-day MA holding and the price back above the high of the swing area, the threat is the buyers are back in control. Watch the 1.2679 level for close support now. If it can, that would be a bullish clu... Read More

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Gbpusd

Bounces

Near

Swing

Area

Forex

Posted: Aug 14 2023, 17:13

Author Name: forexlive

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