Forex Trading: GBPUSD moves to test the 100 hour MA resistance

Written February 2, 2009 at 12:07 PM EST by  

gregmike-01999

The GBPUSD has moved back higher moving closer to 100 hour MA resistance. The level comes in at 1.4254.  The high has been 1.4241.  A break should solicit additonal buying (and would probably help the GBP crosses as well).

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