The GBPUSD held support at the 100 hour MA and has bounced higher as per the Kickstart video today |
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Published on September 26, 2024
The GBPUSD held support at the 100 hour MA and has bounced higher as per the Kickstart video today |
2024-08-08
A cluster of technical levels between 0.65733 to 0.6600 is home to 50%, 100 bar MA on the 4-hour chart and the 100/200 day MAs.
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The consolidation area that can find the pair from April to July was reentered late yesterday with more momentum lower in trading today. However, support is being tested against a retracement and moving average level.
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The RBA kept rates unchanged but with a hawkish bias. Risk-off sentiment and technical resistance is fighting that view.
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Stocks are sharply lower but bouncing. What next? Key levels outlined in this video.
Permanent link to this article: https://snbchf.com/video/gbpusd-holds-target-support-the-100-ma/
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