Forex technical analysis: GBPUSD tests 200 hour MA/50% retracement - ConsultFX

Forex technical analysis: GBPUSD tests 200 hour MA/50% retracement

Trades at new session highs The GBPUSD is up testing the 200 hour MA and the 50% retracement at the 1.3381 area. This is nothing new as the ups and downs over the last 5 days has seen the price move above and below the MAs.  Nevertheless, the convergence of the 200 hour MA and 50% Copyright 2015 Forexlive.com