menu search

The GBPUSD retraces most of the CPI gains, but finds support

The GBPUSD retraces most of the CPI gains, but finds support
The GBPUSD rose and broke above the high price from yesterday and the high price going back to April 2022 near 1.2665. The high price reach 1.2679, but could not sustain momentum. The move back below the break area turn buyers to sellers and the price retraced most of the CPI gains.However the fall did stall around 5 pips short of its 100 hour moving average at 1.26164. If the price can stay above that level, the buyers are staying in play. Watch 1.2644 early session high for intraday clues. Mov... Read More
Posted: May 10 2023, 14:04
Author Name: forexlive
Views: 102683

Search within

Pages Search Results: