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Forex technical analysis: GBPUSD moves closer to next target

Discussion in 'Technical Analysis' started by ForexLive, Oct 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    1.5447 is the 61.8% and 1.5482 is the 100 day MA The GBPUSD has moved to new session highs after holding the 1.5400 level below. The high price comes in at 1.5438. The next target at 1.5447 represents the 61.8% of the move down from the September 18 high. The 100 day MA at the 1.5482 is another upside target. The price of the GBPUSD has not traded above the 100 day MA since September 21.

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