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Forex technical analysis: GBPUSD dollar buyers push it to next support target

Discussion in 'Technical Analysis' started by ForexLive, Aug 26, 2016.

  1. ForexLive

    ForexLive Forum Member

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    200 hour MA The market is buying dollars. It might be low liquidity. It might be real sellers on Fed-speak but the dollar buying is across the board. So support buyers may enter but be careful A move below could easily scoot another 10-20 pips just because it is Friday, sellers are in control, liquidity is light. If it breaks the 1.3116, the selling could intensify for the same reasons.

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