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GBPUSD moves above 100 hour MA, but...

Discussion in 'Technical Analysis' started by ForexLive, Jan 21, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Have not have a closing hourly bar above MA since Dec 29th This is a stripped down hourly chart. What do you notice? Since Dec 15 at 1.5163, the price has been below the 200 hour MA(green line). Since Dec 29th the price has been below the 100 hour MA (blue line). Those lines have kept a lid on the corrections. Until just a few minutes ago that is.....The price has just moved above the 100 hour MA at 1.4216

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