Forex technical analysis: GBPUSD falls back to support area

Discussion in 'Technical Analysis' started by ForexLive, May 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Bounces off the first support target The GBPUSD has moved lower in the last few minutes of trading (helped by a rising/recovering EURGBP), but has run into support against a cluster of support in the 1.4422-337 area. The 100 and 200 hour MAs and the 50% of the move higher off the low yesterday all come together in that area. The underside of the broken trend line cuts across at the level as well. KEY support.

    Read full forex technical analysis here

Share This Page

free forex signals