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Forex technical analysis: GBPUSD traders said "Uncle". What next?

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

  1. ForexLive

    ForexLive Forum Member

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    Can buyers take more control? As per the prior post, there comes a point where the traders do say "Uncle" (i.e. enough it enough). That came against a support area defined bay the 200 bar MA on the 4-hour chart, the 50% retracement, old lows and a downward sloping trend line. The range for the day was also extended vs the recent average.

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