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GBPUSD moves back down to test the 100 hour MA. Will buyers come in?

The GBPUSD moved above its 100-hour moving average yesterday after trending lower for the 1st half of the trading week. The move back above the 100-hour moving average give the buyers the go-ahead to push higher toward the 200-hour moving average. In trading today after testing that moving average on the first test in the London morning session, the price was able to break above it and tilt the bias higher (see the green line in the chart below). The significance of that break? Looking at the h... Read More

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Gbpusd

Moves

Back

Down

Test

Hour

Will

Buyers

Come

Forex

Posted: Sep 29 2023, 14:56

Author Name: forexlive

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