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Forex technical analysis: GBPUSD moves away from 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Apr 25, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Tests March high but comes right off. Test intraday correction area. As NA traders entered for the day, the GBPUSD tested the March 2016 high at 1.45135 level (high reached 1.4518). The price has backed off and trades back below the 1.4500 level (at 1.4472).

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