GBPUSD rotates back down to 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Mar 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Testing the level... The GBPUSD has taken a bit of a tumble in the last few minutes of trading and tests the 100 hour MA at 1.3926. The pair moved below the level after weaker PMI data today but reversed and rebounded higher. The move higher could not make it to the next key target at the 1.4040 level. So back down it has come. The close from yesterday at 1.3915.

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