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GBPUSD snaps back higher

The GBPUSD is snapping back higher. In the kickstart technical video from earlier, the pair had moved back below the 100/200 hour MAs which are converged at 1.2719. That tilt of the bias more to the downside but a swing area between 1.2678 and 1.26988 stalled the fall near the 1.2689 level. The move back above the 100 and 200-hour moving averages disappointed the sellers looking for something more to the downside. Sellers turned to buyers. Looking at the price action this week, the low price... Read More

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Posted: Aug 18 2023, 14:11

Author Name: forexlive

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