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Forex technical analysis: GBPUSD tests and holds. Rebounds.

Discussion in 'Technical Analysis' started by ForexLive, Nov 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    100 and 200 hour MA support tested and held. The GBPUSD fell to the 100 and 200 hour MAs at the 1.5356-59 area and found support buyers ( - profit takers/new buys). Risk could be defined and limited against the technical levels. The price has rebounded. The weakish Factory orders helped a bit.

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