Forex technical analysis: GBPUSD heads to new session highs

Discussion in 'Technical Analysis' started by ForexLive, Aug 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    EURGBP takes a tumble too The GBPUSD has headed to new session highs and is looking to test the highs from last week and from July 22nd (at 1.3300 and 1.3290 respectively. The high just printed 1.3290. IN the process, the price has moved above the 50% of the move down from the July 15 high to the low on July 26th. That level comes in at 1.32669. The 61.8% of the same move lower is at 1.33169 and that is another upside target on further strength. Meanwhile over in the EURGBP, the pair has slumped to the 100 hour MA area at the 0.8426 level.

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