1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBPUSD rotates back down to 100 hour MA

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

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,005
    Likes Received:
    1
    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.

    Read full forex technical analysis here
     

Share This Page