Forex technical analysis: GBPUSD trades at new day lows

Discussion in 'Technical Analysis' started by ForexLive, Jul 15, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Below the 100 bar MA on the 4-hour chart The GBPUSD is trading at new day lows and in the process is trading below the 100 bar MA on the 4 hour chart at the 1.3310 level. The high earlier today took at the high from yesterday but could not muster any momentum on the break.. The better data is helping the US dollar and with uncertainly from Brexit ahead you would think that the GBPUSD would feel some addition pressure.

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