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Forex technical analysis: What's going on in the GBPUSD?

Discussion in 'Technical Analysis' started by ForexLive, Aug 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Stays above 100 bar MA on the 4-hour chart. The GBPUSD was lower the Asian Pacific session. There is some pressure coming from finalizing Brexit. However, the pair has been more supported in the European/London market. The price has moved up from the 1.3033 level to the session high of 1.3121. At the high, the price extended above the 200 hour MA (currently at 1.31143), but the momentum above, just could not be sustained.

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