GBPUSD falls through 1.5294 support level.

Written March 17, 2010 at 11:36 AM EST by  

gregmike-00872

The GBPUSD fell through the 100 bar MA on the 5 minute chart at the 1.5304 and through support at 1.5294. This is a disappointment for the pair/bulls off the better unemployment numbers this morning. London exits for the day at 12:00 noon today. The move may be related to that and the London fix at that time.   Next support at 61.8% of the days range at 1.5274 and the 200 bar MA at the 1.5267 level (green line in the chart above).

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