GBP/USD Bounces Off Of 100 Hour Moving Average

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GBP/USD Bounces Off Of 100 Hour Moving Average

By Greg Michalowski on May 13, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

gbp-usd-may13-20092

The GBP/USD bounced off of the 100 hour moving average after a near test of the 200 hour MA over night. Support levels near 1.5155 and 1.5080. On the upside 1.5230 and 1.5300 may be tested. As noted BOE’s King is speaking at the moment.

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