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GBPUSD moves back toward falling 100 hour MA

GBPUSD moves back toward falling 100 hour MA

The GBPUSD is moving back toward the falling 100 hour MA at 1.20919. The pair in the late London morning/early US session skimmed against the MA level but could not gather any upside momentum.

It would take a move above that level - and stay above - to increase the bullish bias in the short term. Absent that and the downside is still the bias direction and sellers remain in control.

This article was written by Greg Michalowski at www.forexlive.com... Read More
Posted: Feb 8 2023, 16:58
Author Name: forexlive
Views: 102540

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