Forex technical analysis: GBPUSD falling below the 100 bar MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    BOE throws the kitchen sink at Brexit fears The BOE cut rates and added QE as well. The GBPUSD initially held support against both the 100 bar MA on the 4-hour chart and the 200 hour mA at the 1.3203-10 area. It is now below both those levels and they will be eyed as resistance.

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