Staying above the 100-hour MA has kept buyers in play, and with the pair now trading above the 200-hour MA (green line), those buyers are looking to gain more control. However, attempts to build upside momentum have repeatedly stalled. The most recent rally reached a session high of 1.3319, just shy of the May 9 high at 1.33227, before pulling back.
For now, staying above the 200-hour MA remains key for buyers to maintain momentum and press for a topside breakout.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about gbpusd remains range bound but with a bullish tilt was published today ( ) and is available on forex 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.
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