GBPUSD making new session highs

Discussion in 'Technical Analysis' started by ForexLive, Oct 29, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Doesn't want to move far from the 200 day MA? The GBPUSD has made its way back above the 100 hour moving average. Yesterday, the price tested this moving average and fell (helped by the FOMC statement). On the move back above the 100 hour moving average, the price is moving closer to the 200 day moving average (at 1.5333). Over the prior for trading days, the GBPUSD has traded both and above this moving average level. The market seems to be attracted to the MA.

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