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The ups and downs continue for the GBPUSD


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200 hour MA above/100 hour MA below.

The ups and downs continue for the GBPUSD. The pair moved higher earlier in the day – testing a trend line and the 200 hour MA (green line at 1.2646 currently).  

The price fell into the NY session but stalled twice at the 100 hour MA (blue line currently at 1.25951). 
The subsequent rally higher, has taken the price up toward the trend line (downward sloping). Above that, is the 200 hour MA (green line). As a reminder, the 200 hour MA stalled the rise on Monday, and again on Thursday.  That MA comes in at 1.2646 (and moving lower). 

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