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GBPUSD moves to new lows for the week and below a swing area but sees a rebound

The GBPUSD has moved lower this week and in the process moved below the 50% midpoint of the move up from the June 29 low at 1.28658. Today the price also moved below a key swing area between 1.28349 and 1.28486. That break saw the price move down to 1.2816, before rebounding back to the upside. The price has traded back above the swing area but currently trades within that area.For today, the swing area will be a barometer for bullish above/bears below. If the price moves back below the level,... Read More

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Gbpusd

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Week

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Swing

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Rebound

Forex

Posted: Jul 21 2023, 14:04

Author Name: forexlive

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