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Forex technical analysis: GBPUSD rotates lower after Yellen

Discussion in 'Technical Analysis' started by ForexLive, Feb 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Technically speaking...tests 100 hour MA Keeping things simple....Yesterday the GBPUSD traded above and below the 200 hour MA (green line in the chart below) but in the NY afternoon session, broken higher and tested the 100 hour moving average and backed off (blue line in the chart below).

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