You can’t be surprised…
The GBPUSD did make a move above the 200 hour MA at 1.28827 and moved to 1.2904 in the process (it even closed above the 200 hour MA. However, the price has since moved back below the MA line, and muddied the water once again for the buyers and sellers.
The pair trades back below the 200 hour MA but above the 100 hour MA at 1.28562. A move below the 1.2856 would be more bearish.
JUST OUT: The provisional selection amendments on the early election bill shows
- Thw proposed lowering of voting age and allowing EU citizens to vote have not been selected for debate,
- The proposal to change election date to December 9 has been provisionally selected for debate