The GBPUSDs 200 day MA is resistance at 1.25625. ON the downside moving below the 38.2% of the move up from the September low comes in at 1.25245 and remains a downside target. |
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Home › Videos › 4) FX Trends › 4.) Forex Live › Sellers keeping in control in the GBPUSD. Stay below the 200 day MA, but work to do.
Published on February 14, 2024
The GBPUSDs 200 day MA is resistance at 1.25625. ON the downside moving below the 38.2% of the move up from the September low comes in at 1.25245 and remains a downside target. |
2023-11-23
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.
2023-11-20
GBPJPY falls to swing area and 50% retracement before bouncing back, indicating potential for further upside movement.
2023-11-15
The 100 day MA stalled the fall in trading today in the NZDUSD. That level was broken yesterday, tilting the technical bias more to the upside on the longer term chart. Staying above is important for the buyers today and going forward.
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