Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

GBPUSD makes new lows. Eyes MA cluster below

A.R Chowdhury by A.R Chowdhury
September 14, 2021
Reading Time: 1 min read
0
GBPUSD makes new lows. Eyes MA cluster below

100 and 200 hour MAs.  200 day MA 

100 and 200 hour MAs.  200 day MA 

The GBPUSD has made a new session low at 1.38365. That low has taken the price closer to the cluster of moving averages including the:

  • 100 hour moving average at 1.38306
  • 200 hour moving average at 1.38258
  • 200 day moving average 1.38244

That area should provide some support/profit taking with stops on a break below.

Looking at the five minute chart above, the correction off the earlier US session low did find sellers right against its 200 bar moving average (green line).  

If there is a rebound off the low or cluster of moving averages, getting above the 200 bar MA and the falling 100 bar moving average on the five minute chart at 1.38567 and 1.38617 respectively, is the minimum to give buyers comfort.  Absent that, and the sellers remain in control.  

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
US stocks reverse course.

US stocks reverse course.

EURUSD was back down to test the 100 hour moving average/38.2% retracement

EURUSD was back down to test the 100 hour moving average/38.2% retracement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

AUDUSD looks to close the day back below its 100 day moving average

AUDUSD looks to close the day back below its 100 day moving average

March 14, 2022

That support target in the USDCHF didn’t do much

May 28, 2020

European shares end the session higher but off the highest levels.

July 21, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.