Яндекс.Метрика GBPUSD shows some upside life (dollar selling) but still below the highs – Technologies of the future for life!
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GBPUSD shows some upside life (dollar selling) but still below the highs


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While the EURUSD soars, the GBPUSD is mving higher but lagging (but back above its 100 day MA.

While the EURUSD soared and trades up about 40 pips ro 0.35% currently, the GBPUSD is up just 2 pips on the day. It lags. 

However, in the current hourly bar, the price has been able to extend above its 100 day MA at 1.2998 and that has led to an extension back into the black (marginally). The high reached 1.3017.   The close yesterday was at 1.3006. The 100 day MA is at 1.2998. 
Stay above each of those technical levels will now keep the tilt in the buyers direction. 

ForexLive

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