Forex technical analysis: GBPUSD tests 200 hour MA for first time since June 9

17 June 2016, 16:32
Sherif Hasan

Sneaks a peak above

The GBPUSD has reached the 200 hour MA and snuck-a-peek above at the 1.43142 level. The high reached 1.43186 and currently trades at 1.4306.  There are additional overhead levels against the 1.4335 dn 1.4349 where the 50% and the 100 day MA are found.

It is probably up to the profit takers (the EURUSD is in the same boat as it runs against resistance ag 200 bar MA and 1.13000 level).  

Do they come in as the week comes to an end?  THe price is back below 1.4300 so the first reaction was don't look a gifted horse in the mouth before what could be a volatile weekend.

Share it with friends: