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GBPUSD falls back to 100 hour MA, swing area.
The GBPUSD has moved down to retest the 100 hour MA, the high price from November 15 and the Asian session low. All those levels come in between 1.20247 and 1.2036. A move below that area would tilt the short term bias to the downside from a technical perspective, with more work to do for further control. The low in the NY session reached 1.2038 and bounced.
Looking at the hourly chart, a move below 1.20247 would have traders looking toward the 38.2% of the last move up from the Nove... Read More
Posted: Nov 28 2022, 15:35
Author Name: forexlive
Views: 102263
