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Forex technical analysis: GBPUSD stalls at key targets

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    200 day MA and 38.2% retracement The GBPUSD took the ball and ran. Fundamentally, industrial production surprised to the upside, but that came later. Technically, the price action supported a move higher with the pair moving outside the box that has confined the pair over the last 7-8 trading days. The pair based against the "remembered area" at the 1.52386--43 level and that was a bullish clue.

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