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Forex technical analysis: GBPUSD tests the MA resistance pre-FOMC

Discussion in 'Technical Analysis' started by ForexLive, Mar 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    100 bar MA on the 4-hour chart The GBPUSD has pushed higher as London traders look toward heading for the exits (well some of them at least). The pair tests the 100 bar MA on the 4-hour chart. Although the pair traded above and below that MA prior to the budget speech, that MA has been a key stopping point on two separate occasions this month. It just stalled the corrective rally.

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