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GBPUSD held the 38.2% on the back off from the 100 hour MA

In what may be "par for the course" going forward as the market awaits things like the CPI, the Fed and the New Year, the GBPUSD moved up to the target 100 hour MA and swing level nears 1.22212, and backed off to the next downside target support at the 38.2% of the move up from last week's low at 1.21739. In other words, the price action is doing what it should do near technical levels when overextended on the top or bottom side - with interim technical levels also in play ( Read More

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Gbpusd

Held

38 Back

From

Hour

Forex

Posted: Dec 7 2022, 17:13

Author Name: forexlive

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