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Discussion in 'Technical Analysis' started by ForexLive, Jan 21, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Correction Thursday. GBPUSD The GBPUSD reached new lows going back to May 2009 at 1.4077 and bounced. A technical catalyst was the move above the lows from Tuesday and Wednesday at the 1.4125. The move higher has seen the price move above the 100 hour MA but no closes above yet (at 1.42146 now). The close was 1.4190 yesterday. The correction off the high has remained above the 1.4190 level so far. The high for the day stalled at the 1.4227, the low from 2010.

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