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Forex technical analysis: GBPUSD moves below next target. Session lows

Discussion in 'Technical Analysis' started by ForexLive, Nov 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Swing high from Oct 26th being breached now The GBPUSD started to fall yesterday after testing the 100 day MA at the 1.5479 level. The high did extend up to 1.57946 but looking at the chart, the price has had a pattern of extending above that MA (see blue overlay line), only to fail.

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