50% retracement held at the day’s lows. Traders looking for a break.
The GBPUSD is trading between the 100 and the 200 hour moving averages during most of the London/European session today. The 100 hour moving average (blue line in the chart below) currently comes in at 1.42118. The 200 hour moving average (green line in the chart below) comes in at 1.42788.
Forex technical analysis: GBPUSD trades between 100 and 200 hour MAs
