GBPUSD tests 100 hour MA. Should find some profit taking resistance

Written March 15, 2010 at 10:38 AM EST by  

gregmike-00829

As per prior post, the GBPUSD is testing the 100 bar MA on the 5 minute chart.  The level comes in at 1.5086. The high reached 1.5086. Look for sellers against this level with stops on a move back above the 1.5090 level where the 38.2% of the move down from the high today comes in.

No Responses to “GBPUSD tests 100 hour MA. Should find some profit taking resistance”

Add a comment