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Forex technical analysis: GBPUSD moves away from 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Now resistance? The GBPUSD made a break to the downside and in the process is moving away from the 100 hour MA (blue line in the chart below). That MA has been trying to hold support today (there was one earlier break that failed). WIth the break, traders will/should use the level as a risk defining level if they really mean to be more bearish.

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