Trying to extend above the 100 bar MA on the 5-minute chart
The GBPUSD did find the support buyers against the 200 hour MA and the 50% retracement of the move up today at the 1.5585/87 area ) The price is now trying to get and stay above the 100 bar moving average on the 5 minute chart. The next target being the 1.5627 level.
Forex technical analysis: GBPUSD moves further away from 200 hour MA/50%
