Technical Analysis

The GBPUSD stays between intraday assist/resistance ranges

1.3164 under. 1.3186 above.

The GBPUSD stays between assist and resistance outlined by the 200 hour MA under at 1.31651, and the damaged development line above (at 1.3191 now).

1.3164 below. 1.3186 above.

The value is testing that 200 hour MA as I sort. A transfer under with momentum may see merchants trying towards the 38.2% at 1.31287.    Holding the 200 hour MA could discourage the sellers (two exams and two holds). Merchants could look to take the pair again larger and towards the 100 hour MA.  

The value has not traded under the 200 hour MA since February 15th.


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