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The GBPUSD trades at new session highs as London exits.

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    ...but near a lot of resistance too The GBPUSD ended last weeks trading at the lows for the week and at the lowest level since March of 2009. On Monday that low was extended from 1.3852 to 1.3840 and then 1.3835, but when the momentum could not be sustained, the pair rallied higher to the 100 hour MA (blue line in the chart above).

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