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Forex technical analysis: GBPUSD trades the levels

Discussion in 'Technical Analysis' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Tests recent lows below. Tests 100 hour MA above. Near unchanged on the day UGH. The markets are little inspired today with a narrow trading range in the GBPUSD (46 pips vs 108 average over the last 22 days). The tracks of that move took the price down to the low from last Thursday (at the 1.54139 level - ). Support buyers entered.

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