Technical Analysis

GBPUSD corrects up to old ceiling area. Will the sellers lean against the ceiling (again).



GBPUSD moves below an old ceiling. The GBPUSD has been stepped lower in trading today, with the price sliding back below its 200 hour moving average in the process (green line currently at 1.36315).  After breaking that level, it also cracked below a swing area (old ceiling) between 1.3
Source: www.forexlive.com


 

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