The GBPUSD is trading to a new low for the day and new low for the week.
The price has now broken below the low from earlier this week at 1.2878. The low going back to March 5 reached 1.28608. A move below the floor area, would have traders looking toward the rising 200 bar MA on the 4-hour chart at 1.2849. The 200-day MA is below that at 1.28116.
Moves below the levels increases the bearish bias.
Conversely, if you are a buyer, this area is an area to buyer with a stop on a break below the 200 day MA.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about gbpusd falls to new lows and tests the low for the week 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD falls to new lows and tests the low for the week )
Also on site :
- GCE Global Solutions Corp. Announces Strategic Acquisition of GCE Payroll Advisers Inc. to Strengthen Global EOR and Payroll Platform
- Trump Wants To”Unleash Hell” In 2026; POTUS Tries To Go Full Maximus With A Misguided ‘Gladiator’ Flex
- Mickey Rourke Sued for $59,100 in Unpaid Rent, Facing Eviction