GBP/USD Moves Below The 100 Hour Moving Average

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GBP/USD Moves Below The 100 Hour Moving Average

By Greg Michalowski on May 7, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The GBP/USD has moved below the 100 hour moving average at the 1.5024 level. This is the first move below the key moving average since April 27th when the pair broke above at the 1.4600 level. A close below this level on the hourly chart will be negative for the pair and should lead to lower levels.

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