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GBPUSD looks toward falling 100 hour moving average

GBPUSD looks toward falling 100 hour moving average

The GBPUSD has seen additional momentum to the upside after breaking above its 200 day moving average currently at 1.19039 and the old floor between 1.1914 and 1.1922 (see green number circles on the chart above).

The high price has extended up toward the falling 100 hour moving average at 1.1935. The 50% of the move down from the high this week is just below that level at 1.1933. Those two levels are key for the short-term bias. Traders looking for more dollar strength would not want... Read More

Posted: Mar 9 2023, 15:07
Author Name: forexlive
Views: 102547

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