Technical Analysis

GBPUSD checks 50% and swing excessive from earlier within the month

Search for the rally to present a pause

The GBPUSD is up testing the 50% retracement of the transfer down from the Jan 25th excessive and the swing excessive from February seventh at 1.2994. The 200 day MA is at 1.3004. Search for some revenue taking ag. the 1.3000 stage.

The 1.3000 area should be a tough nut to crack (from 1.2994-1.3004).

ForexLive


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