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Forex technical analysis: GBPUSD races to 200 hour MA and stalls

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

  1. ForexLive

    ForexLive Forum Member

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    Follows the EURUSD The GBPUSD caught the EURUSD fever after no new QE and the pair surged straight up to the 200 hour MA at the 1.50665 level and stalled (green line in the chart below). The correction lower has taken the price back to test the 100 hour MA where it has stalled so far. Action remains volatile.

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