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GBPUSD hangs above the 100 hour MA

GBPUSD hangs above the 100 hour MA

The GBPUSD traded below - and then above the 100 hour MA - during yesterday's trading. The move back above the 100 hour MA, tilted the bias back to the upside. Technically, if the price can remain above the 100 hour MA at 1.22073, that would keep the buyers in control.

Earlier this week, the price tried the downside - breaking below the lower 200 hour MA and the 200 day MA (green lines in the chart below). However, the momentum died and the price moved back toward the 100 hour MA, an... Read More

Posted: Dec 8 2022, 23:31
Author Name: forexlive
Views: 111647

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