Forex technical analysis: GBPUSD prints fresh session lows

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The selling continues Weaker UK data this morning has sent the GBPUSD lower in trading today- continuing the trend. Nine of the last 10 trading days has been to the downside- yesterday was the exception. The pair corrected higher but ran into resistance against the 100 hour moving average (blue line in the chart below).

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