The GBPUSD remains between intraday support/resistance levels

1.3164 below. 1.3186 above.
1.3164 below. 1.3186 above.

1.3164 below. 1.3186 above.

The GBPUSD remains between support and resistance defined by the 200 hour MA below at 1.31651, and the broken trend line above (at 1.3191 now).

1.3164 below. 1.3186 above.

The price is testing that 200 hour MA as I type. A move below with momentum could see traders looking toward the 38.2% at 1.31287. Holding the 200 hour MA may discourage the sellers (two tests and two holds). Traders may look to take the pair back higher and toward the 100 hour MA.

The price has not traded below the 200 hour MA since February 15th.

Featured Videos