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GBPUSD moves toward its 100 hour moving average and swing area
The GBPUSD has moved back to the upside helped by a much weaker ISM nonmanufacturing index. The move higher has taken the price of the GBPUSD, through the 38.2% and the earlier session high at 1.19346.
The run to the upside has also seen the 100 hour MA tested and now broken at 1.19914. There is a swing area between 1.19913 and 1.20102 and above that, the following 200 hour moving average at 1.20107. The 200 day moving averages at 1.20216. All levels would need to be broken and stay br... Read More
Posted: Jan 6 2023, 15:21
Author Name: forexlive
Views: 102564
