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GBPUSD moves down to test swing area going back to August/September

The GBPUSD moved strongly to the upside last week and in the process moved above the 100 day MA. That MA is currently at 1.1654. The move above that MA was the first since February 2022. That level will be a key barometer going forward. Move back below would be disappointing for the "break buyers".

The high price extended to 1.1854. Looking at the 4-hour chart above, there is a swing area between 1.1865 to 1.9000. The high price on Friday found sellers ahead of that target. Today... Read More

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Content Topics

Gbpusd

Moves

Down

Test

Swing

Area

Going

Back

August september

Forex

Posted: Nov 14 2022, 15:55

Author Name: forexlive

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