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Forex technical analysis: GBPUSD getting hit hard

Discussion in 'Technical Analysis' started by ForexLive, Aug 31, 2016.

  1. ForexLive

    ForexLive Forum Member

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    NY traders not liking the pair The GBPUSD moved above some key MAs in the London session - 200 bar MA on 4-hour chart, 100 hour MA and 200 hour MA - and the 38.2% of the move down from last weeks highs. Those breaks should have sent the pair higher. It did for a little, but those breaks failed and we are now taking apart all the gains.

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