A look around the major GBP pairs
GBPUSD
The GBPUSD got it’s push in the Asian Pacific and London trading session. The fall started on the break of the 100 hour MA and the 200 bar MA on the 4 hour chart (see 1 in the chart below). The break of a trend line and 200 hour MA, gave another push but has stalled near the 50% of the move up from the February 29th low. That level comes in at 1.4135. The lows for the day has made it to 1.4141. Traders are leaning against the level. The correction has taken the price to a 1.4196 – just below the 1.4200 level.
Forex technical analysis: GBP suffers in trading today but NY session stalls near technical levels
