High Risk Warning | Advisory Warning
Home » Forex Trading » GBPUSD has moved back down to test the 100 hour MA and 50% Fibonacci Retracment level

GBPUSD has moved back down to test the 100 hour MA and 50% Fibonacci Retracment level

Written February 24, 2009 at 10:25 AM EST by Greg Michalowski 

Email This Post Email This Post   Print This Post Print This Post

gregmike-02240

The GBPUSD is testing the 100 hour MA at the 1.4381 level.  This is also near the 50% retracement level (1.4376 is the level) for the currency pair from the move up from Feb 18th to the high on Feb 23rd.  Look for support at this level.

Categories: Forex Trading  |  Tags:
Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • Furl
  • LinkedIn
  • Live
  • NewsVine
  • Reddit
  • Spurl
  • StumbleUpon
  • Technorati
  • TwitThis
  • Yahoo! Buzz

No Responses to “GBPUSD has moved back down to test the 100 hour MA and 50% Fibonacci Retracment level”

Add a comment