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Forex technical analysis: GBPUSD tests 100 hour MA

Bounces on the test

As per an earlier post, the GBPUSD has made it down to the 100 hour moving average at the 1.32168 level. Buyers came in against level and have pushed the price back up to 1.3235. The move lower has been helped by better US retail sales and also the uncertainty from Brexit looming.

Technically, the price fell below the 100 bar MA on the 4-hour chart and stayed below... That has been a catalyst for the move.

What now?

Well the tide turned more negative for the GBPUSD

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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