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Forex technical analysis: GBPUSD trades to new session highs...

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

  1. ForexLive

    ForexLive Forum Member

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    ...and comes back down The GBPUSD moved to new session highs, and came back down. The high extended to 1.2271. The 50% of the move down from the post-Crash high to the low from Tuesday and the 100 hour MA comes in at 1.2284-87. That MA has made it's way back to where it is back in play technically. The price has not been above the 100 hour MA since September 30th.

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