Яндекс.Метрика GBPUSD keeps the price under the 100 hour MA ⋆ Technologies of the future for life!
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GBPUSD keeps the price under the 100 hour MA


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100 hour MA at 1.28166. Floor support target at 1.2775 area

The GBPUSD – like yesterday at this time – is trading in a confined trading range defined by technical levels.

  • On the topside, the 100 hour MA at 1.28166 has attracted sellers
  • On the downside, a floor has developed around the 1.2775 area (see green numbered circles). Buyers have been leaning against it today.

Buyers and sellers are battling it out.  
Traders should jump on a break above the 100 hour MA with the 38.2% at 1.2855 and a ceiling at 1.28815 as upside targets.  
On a move below the floor, traders will eye the  low from last week at 1.2722. 
The range today is only 48 pips. The 22 day average is 128 pips (about a month of trading).  So there is room to roam on a break). 
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