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Forex technical analysis: GBPUSD trades more bullish.

Discussion in 'Technical Analysis' started by ForexLive, Mar 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    What might change that or make it stronger? The GBPUSD fell on the back of the ECB decision yesterday. It was more a reaction to the EURUSD's fall. That fall took the price right to 100 bar MA on the 4-hour chart. The 200 hour MA was also in the vicinity and the 38.2% of the move up from the Feb 29th low. Since then - with the help of the EURUSD surge perhaps - the pair has pushed back higher.

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