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GBPUSD chops up and down in trading today. Slides down from the 200 hour MA test yesterday
The GBPUSD is chopping up and down in a confined trading range today. The high for the day reached 1.21387. The low was down at 1.20789. The 60 pip trading range is much lower than the 177 pip range over the last 22 trading days (around a month of trading). There is room to room on a break.
Looking at the hourly chart, the lows today have been able to stay clear of the rising 100 hour moving average. That currently comes in at 1.2073. A break below the 100 hour moving average would tilt... Read More
Posted: Feb 10 2023, 15:18
Author Name: forexlive
Views: 102167