GBPUSD key resistance at the 100 day MA today
Written October 16, 2009 at 10:19 AM EST by Greg Michalowski
The 100 day MA for the GBPUSD comes in at the 1.6349 level. The price has moved above the level today on a number of occassions, most recently to a high of 1.6367 but each time the price has moved back lower. The level is more important on a daily close. However, the market will be paying attention to the level intraday as well. If the price trades above - buy. If the price trades below - sell. It should have a influence on trading intraday as well as being important longer term.
Categories: Forex Trading | Tags: GBP/USD
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