GBP/USD Tests 200 Hour Moving Average And High Of The Day

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GBP/USD Tests 200 Hour Moving Average And High Of The Day

By Greg Michalowski on November 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 200 hour MA is at the 1.6417 level. The high reached earlier in the day reached 1.6419. The 100 hour MA is at 1.6430. The midpoint of the high low range since October 26th comes in at the 1.6427 level. The area for longs becomes a level to sell against and take profit. Look for sellers against the resistance levels.

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