GBPUSD moves down to test 50% and swing area down to 1.28449
globalreutersNovember 6, 20241 Mins read The GBPUSD has moved down to test the 50% and a swing area between 1.2844 and 1.28719. The midpoint level is at 1.2866. The low price reached 1.2864 and is bouncing modestly.
The bounce will target the low from two weeks ago at 1.29064. Staying below keeps the seller in control
On the downside, the 200-day MA comes in at 1.28124. The last time the price traded below the 200 day MA was back in mid-May.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
Just over half of economists surveyed expect the Bank of Japan to hike rates in December
Survey on what to expect from the Bank of Japan conducted by...
European Central Bank President Lagarde, plus Nagel & Schnabel (& others) speaking Friday
Another packed agenda of European Central Bank speakers today. Times below are...
Daily Broad Market Recap – November 21, 2024
Geopolitical tensions between Russia and Ukraine were still front and center, driving...
Swiss National Bank Chairman of the Governing Board, Martin Schlegel, speaking Friday
1230 GMT / 0730 US Eastern time: Speech by SNB’s Chairman of...
Leave a comment