The GBPUSD last Friday moved below its 200-day MA (at 1.2590), and the low of a swing area between 1.2594 to 1.26137. That should have led to more selling momentum, but that did not happen. The price recovered higher. On Monday, there was a try in the first 4-hour bar (on the chart above) but once again, momentum failed.Since then, the price has reestablished its price action higher but above and below its 100 day MA (blue line at 1.26397 currently). The high price reached 1.2667 on Tuesday, but closed the day at 1.2627 - below the key 100-day MA. Today, the price action has been able to stay entirely below the key 100-day MA. However, the lows for the day have been within the swing area d
Hence then, the article about gbpusd stays below 100 hour ma was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( GBPUSD stays below 100 hour MA )