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GBPUSD pushes toward the 100 day MA and stalls the fall

GBPUSD pushes toward the 100 day MA and stalls the fall

The GBPUSD fell back below the 100 hour and 100 day MAs in the London session. The bias shifted lower with "work to do". The 100 day MA and the low of a swing area near 1.19836 and 1.19867 respectively was the targets. The low reached 1.19917 and stalled. Buyers leaned early against the key levels.

The price has moved higher and is NOW back above the 100 and 200 hour MA between 1.2010 and 1.20169. The current price is at 1.2028.

What now?

The price action shows a lot of ups... Read More

Posted: Mar 6 2023, 16:18
Author Name: forexlive
Views: 110266

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