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Home ANALYSIS

GBPUSD’s run to the upside stalled after break of the 200 hour MA

A.R Chowdhury by A.R Chowdhury
March 31, 2022
Reading Time: 1 min read
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GBPUSD

GBPUSD failed on the break below the 200 hour MA

The GBPUSD for the 2nd day in a row, tried to extend above its 200 hour MA (green line) but found willing sellers . The MA comes in at 1.31636. The high yesterday reached 1.31818. Today the high reached 1.31694 and reversed back to the downside.

Two days. Two failures = not good for the pair.

The 100 hour MA comes in at 1.3127. A move below that level should increase the tilt to the downside again with a break below 1.3109 giving sellers more confidence and buyers and sellers continue to fight in this pair.

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A.R Chowdhury

A.R Chowdhury

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