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GBPUSD moves to new session highs. Looks toward swing area near 1.25367 to 1.2547.

GBPUSD moves to new session highs.  Looks toward swing area near 1.25367 to 1.2547.
The GBPUSD is moving to a new session high and has now seen successive higher highs for 4 consecutive days (and higher lows as well). Price action has been choppy however. The price spike higher yesterday saw the price extend above the 50% midpoint of the May trading range at 1.24933, but stalled right ahead of the natural resistance at 1.2500. The subsequent fall yesterday took the price back below the 100-hour moving average. The price settled below that 100-hour moving average, but above the... Read More
Posted: Jun 8 2023, 14:09
Author Name: forexlive
Views: 081253

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