Home / Forex Treiding / GBPUSD makes new session high. Looks toward 200 hour MA.

GBPUSD makes new session high. Looks toward 200 hour MA.


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EURGBP moves lower, helping the GBPUSD in the process.


The GBPUSD is moving higher and trades at a new day high.  The pair moved above its 100 day MA earleir today and then a trend line and more recently a swing area (see yellow area).  The 200 hour MA (green line) at 1.30422 is the next target for the pair.
A fall back down in the EURGBP, is helping the pair. The high today in that pair stalled near swing highs from April 25 adn April 29/30 (at 0.8649-53)

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