GBPUSD key resistance at the 100 day MA today

Written October 16, 2009 at 10:19 AM EST by  

gregmike-05272

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.

No Responses to “GBPUSD key resistance at the 100 day MA today”

Add a comment