GBPUSD dips to new session low. Moves away from the 100 hour MA. Tests old trend line on the daily. - ConsultFX

GBPUSD dips to new session low. Moves away from the 100 hour MA. Tests old trend line on the daily.

Tests trend line on the daily A long trend line on the daily chart of the GBPUSD cuts across at the 1.3118 level. That trend line was broken on Thursday last week, moved back above on Friday and today the old line is being tested now. The low just reached 1.31154 and bounced. We currently trade