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Forex technical analysis: GBPUSD making new lows. Breaking below support

Discussion in 'Technical Analysis' started by ForexLive, Nov 21, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Cluster of support broken as London traders head to weeks finish line The GBPUSD is making new session lows and breaking below a cluster of support at the 1.5211-17. Trend line support, retracement and 200 hour MA all came in at that area. Earlier the 100 hour MA held support ( but the correction higher could not reach the upside target and the buyers gave up.. Sellers remain in control and gaining more control on the break.

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