Falls to 100 hour MA
BOE Broadbent said he was not sure if he would vote for an August rate rise, and that sent the GBPUSD to new session lows.
The price moved to 1.30786. The 100 hour MA is at 1.30738 (blue line) and was a target (see earlier post). The price has already bounced off the support target area (well got within 5 pips).
Earlier in the day, the price tested 200 hour MA and the 50% retracement and found sellers. The 200 bar MA and 50% should always be eyed. Here is why....CLICK HERE
