GBPUSD moves to 100 hour MA resistance ...Middle East

The GBPUSD has moved to a new session high, and in the process, has extended above its 200 hour moving average at 1.2728. However, the pair is finding some "stall" near its 100-hour moving average at 1.2744 (blue line on the chart above). That moving average will be the barometer for both buyers and sellers. Moving above the 100-day moving average at 1.2744 increases the bullish bias.Staying below and moving below the 200-hour MA at 1.2728 would shift the bias more to the downside. Earlier today, the pair moved to the lowest level this week, and in the process entered a swing area between 1.2675 and 1.2686. The low price reached 1.26801 between that area and bounced higher. The "floor's" i

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GBPUSD moves to 100 hour MA resistance ...Middle East

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