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Forex technical analysis: GBPUSD test 100 hour MA and bounces

Discussion in 'Technical Analysis' started by ForexLive, Nov 21, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Traders leaning against the level The GBPUSD has some traders leaning against the 100 hour MA at the 1.5233 level. The pair yesterday had early buyers against the level after the weaker retail sales (but only by a few pips short of the MA level). Today the MA was touched at 1.5233. We are back up to 1.5250.

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