GBP/USD Tests 200-Hour Moving Average

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GBP/USD Tests 200-Hour Moving Average

By Greg Michalowski on January 16, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The GBP/USD is testing the 200 hour moving average at the 1.4859 level and is looking vulnerable to the downside. The GBP/JPY has already broken the 200 hour moving average at the 134.86 level and as a result, may help pressure the GBP/USD lower. A break should lead to lower levels with a move toward 1.4786 likely.

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