Sumary of GBPUSD back testing the 200 hour MA. Buyers have another shot.:
- The 50% midpoint of the months trading range stalled the fall.
- The bullish news is the price decline from the high stalled at the 50% midpoint of the July trading range at 1.3740. The bearish news is the price earlier failed on the break of the 200 hour MA.
- The 1.3752 area and the 50% midpoint of the month’s trading range at 1.37403 would be targeted on a failure.