Forex technical trading: GBPUSD consolidating a bit after tumble

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Sharp fall after data today The GBPUSD fell sharply today after PMI service data came in weaker than expected. In the process, the pair fell below the 200 hour MA (green line currently at 1.3221) , the 100 hour MA (100 hour MA), the 100 bar MA on the 4-hour chart (at 1.3164) and the 50% of the move up from the July 11th low (also at 1.3164).

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