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Forex technical analysis: GBPUSD spikes higher than tumbles

Discussion in 'Technical Analysis' started by ForexLive, Nov 11, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Trades unchanged The GBPUSD spiked higher to 1.5145, then tumbled and fell back toward unchanged on the day. The pair was been pushed around a bit by the EURGBP which has moved away from the 100 and 200 hour MA today (see chart below). The EURUSD is leading the charge lower.

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