The 55 DMA gets makes way as cable completes a turnaround

One minute we're making new lows, the next, new highs

The 55 DMA got a kiss on the cheek by the pound but now she's moved on and has her sights set on the 100 dma right on the 1.2400 level.

GBPUSD daily chart

1.2400/10 is the area to consider at the big figure but we also have the 200 H4 at 1.2393.

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