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GBPUSD sellers try to take more control in up and down day

The pattern of late in the GBPUSD is that the moves above the 100 hour MA have FAILED. That gives the sellers more control as long as the price can remain below that MA level. When looking at the 4-hour chart, the last move higher on Friday also tested a key 200 bar MA and found willing sellers. That MA will also be a key level going forward.On the downside lows from last week are the next targets followed by a swing area between 1.2343 and 1.2365 This article was written by Gr... Read More

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Posted: May 22 2023, 15:13

Author Name: forexlive

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