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GBPUSD trades above 200 day MA.
The GBPUSD has broken above the 200 day MA at 1.21529. The move above the moving averages the first since mid-January. A close above the moving average today would be the first since September 2021. The high price has extended to 1.2201 just above the natural resistance at 1.2200.
Looking at the daily chart, the swing highs from August reached 1.22787 and 1.22929. Those would be the next target on further upside momentum off the daily chart.
Close risk on the daily chart is now th... Read More
Posted: Dec 1 2022, 13:19
Author Name: forexlive
Views: 111987