Home Forex Trading GBPUSD can't keep the break above the 200 hour MA going…. – ForexLive

GBPUSD can't keep the break above the 200 hour MA going…. – ForexLive

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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.  

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