GBPUSD retracing declines after support buyers lean against the 100/200 hour MAs ...Middle East

A break above this midpoint would bring the next key resistance into focus: the 100-bar MA on the 4-hour chart, currently at 1.2352. Notably, this MA previously stalled a rally on January 7, underscoring its significance today and in the days ahead. A sustained move above this level would signal further bullish potential.

Beyond that, traders would target the 38.2% retracement of the larger decline from the December high, which sits at 1.2369. This level represents another critical resistance point that would need to be cleared to reinforce a stronger bullish bias. For now, the focus remains on whether buyers can maintain momentum above these progressively important resistance levels.

This article was written by Greg Michalowski at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD retracing declines after support buyers lean against the 100/200 hour MAs )

Also on site :

• Sam Heughan Fans Are 'Melting' After Seeing His 'Smoking Hot' New Photos
• Chart-Topping 70's Rock Band Honors Fallen Members During Farewell Show
• Is Iran running out of missiles? Its rate of attack on Israel is already slowing down, think tank says