0
74
The GBPUSD ended last weeks trading at the lows for the week and at the lowest level since March of 2009. On Monday that low was extended from 1.3852 to 1.3840 and then 1.3835, but when the momentum could not be sustained, the pair rallied higher to the 100 hour MA (blue line in the chart above). Tuesday and into Wednesday midday, there was mostly up and down action - and looks below the 100 hour MA as well - but that selling could not muster much new selling support and buyers too control. The rally on ... read more
