Technical Analysis

GBPUSD makes new session low as the day winds toward the close

GBPUSD keeps the sellers in control

The GBPUSD is making new session lows keeping the sellers in firm control.  

From the earlier post today, the pair moved away from the 200 day MA in the NY session (at 1.2957 area). There was a modest correction in the NY session that got up to 1.2927, but that stayed below the closest risk level (from the post) at 1.2741.

The next target remains at the underside of a broken trend line at 1.2888 and thn the low from April at 1.28637.  

GBPUSD on the daily chart

Sellers remain in control. 

ForexLive

Articles You May Like

US President Trump: China is ’playing around’ with monetary policy
UK PM hopeful Boris Johnson plans early election to hit Corbyn – The UK Times
Moving average crossover with stochastic oscillator forex trading strategies
Ray Dalio: A paradigm shift is coming (and here is what’s to buy)
20 Forex Trading Lessons Learned the Hard Way

Leave a Reply

Your email address will not be published. Required fields are marked *