GBPUSD makes a break above 100 day MA (and other levels)

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Above 200 bar MA on 4-hour and 61.8% of move down from October high

The GBPUSD is making break.
The price has just moved above the:

  • 100 day MA at 1.3036
  • 200 bar MA on the 4-hour chart at 1.3039, and the
  • 61.8% of the move down from the October 12 high at 1.30426.

Sellers are covering above the levels.  The longs will want to see those levels no hold support.  A move back below will give traders cause for pause.ForexLive



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