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Forex technical analysis: GBPUSD has trouble at MA level again

Discussion in 'Technical Analysis' started by ForexLive, May 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 bar MA on 4-hour chart The GBPUSD pushed up to the 100 bar MA on the 4 hour chart yesterday, and found sellers. It is doing it again today. On Monday, there was a quick move higher above the line but that was quickly reversed. Needless to say there is a reluctance to move above the MA line.

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