Forex technical analysis: GBPUSD trades to support

Discussion in 'Technical Analysis' started by ForexLive, Feb 5, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Tests trend line, 100 hour MA 38.2% retracement The GPBUSD is testing a support area near the 100 hour MA (at 1.4488). The trend line at 1.4474 and the 38.2% at the 1.44688. A move below this area and there could be further downside potential (and the 100 hour MA becomes resistance).

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