GBPUSD tests key 200-Day MA, signals a bearish bias ...Middle East

GBPUSD on the daily chart is testing the 200 day MAThe GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level comes in at 1.24585. Going forward, moving below that moving average increases the bearish bias. So far buyers are leaning on the key test.Just yesterday the price extended above its higher 100-day moving average (blue line on the chart above) at 1.25026 and closed above that level for the 1st time since August 31. The closing level yesterday was at 1.25364. However, momentum could not be sustained. In tradi

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Last updated : 22 Nov 2023 clock 07:04 PM

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GBPUSD tests key 200-Day MA, signals a bearish bias ...Middle East

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