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GBPUSD having a volatile couple of hours of trading

The GBPUSD ran higher toward the end of the London session and in the process extended above the London high at 1.22472 a new intraday high of 1.2272.

The last two – three hours has seen a rotation back to the downside. That move has now seen the price extend below the New York morning low at 1.21524. The price is currently testing the key 200 day moving average 1.21357. Recall that on the US jobs day, the price moved below that MA soon after the release, but quickly reversed.

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Gbpusd

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Posted: Dec 6 2022, 20:02

Author Name: forexlive

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