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Forex technical analysis: GBPUSD tests 100/200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Feb 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Fell below earlier today. Back testing the MAs The GBPUSD has moved up to test the 100 and 200 hour MAs at the 1.44688-759 area. The pair fell below the converged MAs earlier today on the way down to test Tuesday's low. The test of the moving averages has so far held. If that is the ceiling, look for a break of the 1.4439-44 as a more bearish confirmation.

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