GBPUSD back testing the 200 hour MA. Buyers have another shot.

gbpusd back testing the 200 hour ma buyers have another shot

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.

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