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Forex technical analysis: GBPUSD falls to session lows but seeing pause at 1.4200.

Discussion in 'Technical Analysis' started by ForexLive, Mar 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Did it reach it's corrective peak? The GBPUSD is lower today. Is it Carney? Is it the Reuters poll saying change is in 2017? Technically, the pair teased the buyers with moves above the 200 hour MA yesterday and again today (green line in the chart below), only to have the buying ultimately dry up and selling to take charge.

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