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GBPUSD tests upside target and finds some risk focused sellers on the test
The better productivity data out of the US sent the dollar lower and the GBPUSD higher. The price extended up to the 100 hour moving average and swing area nearly 1.22212 level. The high price just reached 1.2225 and has backed off a bit. The price currently trades at 1.2210.
Yesterday admittedly the price did move above the 1.2221 level on two separate occasions in what was a volatile up and down day that got move volatile as the day wore on.
In the Asian session, the 200 hour M... Read More
Posted: Dec 7 2022, 14:20
Author Name: forexlive
Views: 102245