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GBPUSD falls below its 100 hour MA

The GBPUSD has broken below its 100 hour moving average at 1.25987. Earlier today, the price fell to that moving average but found support bars against the level. The subsequent move to the upside reached up to 1.26243 before rotating back to the downside over the last hour or two of trading. The price last traded below the 100 hour moving average on Wednesday of last week when the moving average was near 1.2500, but that break was short-lived, and the price trended to the upside reaching a high... Read More

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Gbpusd

Falls

Below

Hour

Forex

Posted: May 9 2023, 13:00

Author Name: forexlive

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