Forex technical analysis: GBPUSD tests 200 hour MA for first time since June 9
17 June 2016, 16:32
0
85
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.
