Forex technical analysis: The GBPUSD retests 100 bar MA on 4 hour chart

The pattern is thereOver the last few weeks we have seen the 100 bar MA on the 4-hour chart hold support and move higher.  Then a BREAK back below the 100 bar MA line, and this week, the holding of the same MA line (been a ceiling this week).

We are back up re-testing that same MA line and finding seller on the test.  Do we stay below or BREAK back above. Right now the sellers are trying to keep a lid on it…
PS the week has seen the price trade above and below the 100 day MA (it is at 1.31027).  The price action has been choppy. If we do get a break above the MA above, the market would seem to be saying it wants to get out of this range trading.   Be aware.  Article Source

Добавить комментарий