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GBPUSD fails above 100 hour MA. What next as we head into the new week.

The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and the quickest of the three - see blue line on the chart below). The point is that buyers had their shot once again and the hurdle was the easiest this week, and it failed again. Going into the new trading week it would take a move above the 100-hour moving average at 1.21598 - and staying above - to give the buyers more hope for further upside momentum. There will be work... Read More

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Gbpusd

Fails

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Forex

Posted: Oct 20 2023, 18:42

Author Name: forexlive

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