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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...
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Posted: Jun 8 2023, 14:09
Author Name: forexlive
Views: 081253