2019 August, 22, 12:59:04 AM

The GBPUSD Is Climbing Back Toward The Upside

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By ForexLive.....


Earlier today, the price raced up to the area on the Merkel comments but were turned away on the test (see post here). The price rotated back lower, but the 100 hour MA (blue line in the chart above), did stall the fall (see the blue line at 1.21125). The buyers remained in control after the "news" shift back to the upside.

Now as the "yellow area" is approached "the market" will need to decide, do we take the news as a crack in the armor that might lead to a solution? Or does the wall ahead stall the rise?  Read More...

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