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GBPUSD making a break to the upside. Trades above its 200 hour MA and runs.

GBPUSD making a break to the upside. Trades above its 200 hour MA and runs.
The GBPUSD buyers are breaking the price of the pair higher, and in the process are extending above it at 200 hour moving average with momentum at 1.21844. That level will now be a risk level for buyers. Staying above is more bullish.On the top side, there is a swing area between 1.2219 and 1.22316. That would be the next target area to get to and through to open the door for further upside momentum.Earlier today, the sellers had their shot below the 100-hour moving average on a number of differ... Read More
Posted: Oct 23 2023, 14:31
Author Name: forexlive
Views: 091980

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