The GBPUSD has completed its down and up "lap" that saw the pair move from an Asian session high at 1.273052 to a low in the European session at 1.2677 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and then back up to a US session high at 1.2733 The current price is trading at 1.27206
That the new session high, the price did extend above the 100-bar moving average on a 4.-hour chart currently at 1.27285. So like at session lows, the price will move the 4-hour moving average by a few pips only to fail
That the new session high, the price did extend above the 100-bar moving average on a 4.-hour chart currently at 1.27285. So like at session lows, the price will move the 4-hour moving average by a few pips only to fail
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.