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New highs for the GBPUSD
The GBPUSD has moved to new highs as the buyers push toward the highs from last week. Those highs come between 1.2505 and 1.25246 (see red number circles on the chart above). With four separate highs in that area, there could be willing sellers with stops above the level at least on the first test.On the downside, the price moved away from a swing area between 1.24238 and 1.24472 after the US CPI data. The price is also extending away from its converged 100 and 200 hour moving averages which com...
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Posted: Apr 12 2023, 18:36
Author Name: forexlive
Views: 110764