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GBPUSD moves off low. Still lags.

Discussion in 'Technical Analysis' started by ForexLive, Jan 15, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests yesterday's low The GBPUSD remains the laggard. Yesterday the pair eked out a gain for the day. It was the second up day in 13 days. The problem? It was only up by 6 pips. Not exactly a race higher. Today, the pair tried to build off the higher close but failed. When the price moved below the 100 and 200 bar MA on the 5 minute chart (blue and green lines), the buyers threw in the towel and the price started to drift back lower.

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