GBPUSD rallies but gains less than the others
Written November 25, 2009 at 4:04 PM EST by Greg Michalowski
The GBPUSD has moved above the 100 bar MA upper range (top Goal Post from prior post - CLICK HERE). The price broke above the MA at the 1.6684 level and the market surged higher the current high of 1.6726.
Despite the rally, the price was not able to break the high from the day at the 1.6745 level. Remember this was the high spikes from June 30th and September 11th (actually 1.6743 and 1.6741 respectively). The bias remains high but the resistance looms. Support at the 1.6686 now.
Categories: Forex Trading |
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