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GBPUSD consolidates and tests the 100 hour MA at 1.3072 area. Key technical barometer.

The GBPUSD has been trading up and down today and consolidated the gains after reaching a high on Friday in the pair near the low of a swing area on the daily chart. The US session low has so far tested it rising 100-hour moving average of 1.30729. The price of the GBPUSD has not traded below that moving average since July 6. Getting below the 100-hour moving average – and staying below – would increase the bearish bias in the short term at the least.Absent that, and the buyers are still winnin... Read More

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Gbpusd

Consolidates

Tests

Hour

3072

Area

Technical

1 3072

Barometer

Forex

Posted: Jul 18 2023, 13:24

Author Name: forexlive

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