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GBPUSD looks to test highs and moving average resistance again

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 bar MA on 4-hour chart tested The GBPUSD tested and held the 100 bar MA on the 4-hour chart. The pair is back up looking a MA line at 1.4190 again. A move above could see some further upside momentum with the pair targeting the low from Feb 17 at 1.4234, the 50% at 1.42509 and the 200 bar MA on the same chart at 1.4267.

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