Technical Analysis

GBPUSD strikes again towards 100 day MA

Transfer greater continues

The GBPUSD’s transfer greater his persevering with with the pair approaching its 100 day MA.

Move higher continues

The value of the GBPUSD was bid up into the London four PM fixing. The transfer has taken the worth again above the 50% of the 2019 vary at 1.2834, above final week’s low and 100 hour MA at 1.2852 and is now wanting towards the 100 day MA at 1.2879. The excessive simply reached 1.2878. 

The low this week stalled at a decrease pattern line yesterday.  

ForexLive


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