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GBPUSD moves to new high as Europe looks to exit. Key resistance targets approached.

GBPUSD moves to new high as Europe looks to exit. Key resistance targets approached.
The GBPUSD has moved to a new session high as London/European traders look to exit for the day. The price had been inching higher after an initial dip in the Asian Pacific session and found support ahead of the 50% midpoint of the move up from the June 29 below near 1.2866. The low for the day reached 1.2874. The 100-hour moving average is just below that level at 1.2862 currently. Through the FOMC rate decision, the 50% midpoint and the 100-hour moving average will be a level that if broken wou... Read More
Posted: Jul 26 2023, 15:49
Author Name: forexlive
Views: 102685

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