GBPUSD falls to new lows and tests the low for the week
GBPUSD technicals The GBPUSD is trading to a new low for the day and new low for the week. . The price has now broken below the low from earlier this week at 1.
The GBPUSD is trading to a new low for the day and new low for the week.
The price has now broken below the low from earlier this week at 1.2878. The low going back to March 5 reached 1.28608. A move below the floor area, would have traders looking toward the rising 200 bar MA on the 4-hour chart at 1.2849. The 200-day MA is below that at 1.28116.
Moves below the levels increases the bearish bias.
Conversely, if you are a buyer, this area should be an area of interest with a stop on a break below the 200 day MA.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
