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Forex technical analysis: GBPUSD peaks below 1.5000. Back above before FOMC

Discussion in 'Technical Analysis' started by ForexLive, Dec 17, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    What technical levels stick out in the GBPUSD The GBPUSD has taken a peek below the 1.5000 level in trading today as the market positions itself for the FOMC decision. The pair broke below the 200 hour MA yesterday afternoon in sort of a delayed reaction to dollar strength. The fall below the 200 hour MA accelerated the fall.

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