1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Forex technical analysis: GBPUSD trades above and below the 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,101
    Likes Received:
    1
    Has not traded above the MA since September 30th The 200 hour MA on the GBPUSD is currently at the 1.2299 area. Earlier today, that MA was tested and held. The 2nd look took the price above the MA line on it's way to the day high at 1.23098. That break was the 1st look above the MA since September 30th. You might expect a run higher, right? Wrong. That initial break failed and the price fell back to 1.2283.

    Read full forex technical analysis here
     

Share This Page