Forex Trading: GBPUSD breaking lower. Resistance today at 1.9820.
By Greg Michalowski
Created May 1 2008 - 9:02am
The GBPUSD is breaking lower after moving below the 100 and 200 hour moving average after the 8;30 numbers. The level for those averages come in at 1.9820. A move above that level will be needed to negate the intraday bearish sentiment today.