Technical Analysis

GBPUSD takes back about 38.2% of the move up last week



Him him Tested the 200 day MA last week.   The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes.  That hope was dashed this weekend when EUs Barnier reportedly told EU diplomats at the UK's latest proposals on setting the Irish border chapter was still unworkable.   
Source: www.forexlive.com


 

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