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Forex technical analysis: GBPUSD takes a breather today

Discussion in 'Technical Analysis' started by ForexLive, Jul 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    A watchful eye on the EURGBP as it moves to new day highs The GBPUSD was one of the stars of the day yesterday. Today there is a lot of Red and Green price bars on the hourly chart. The price did dip into the negative below the 1.3245 on three separate occasions today. Each found support at the 1.3220-22 area. We are moving below the unchanged line as I type (See chart below) after failing to get above the 100/200 bar MA on the intradday 5-minute chart and midpoint of the days range at the 1.3264, 1.3273 and 1.3277 levels respectively. So the bias is intraday negative below those areas.

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