GBPUSD pays no attention to MA resistance. Blows through level. - ConsultFX

GBPUSD pays no attention to MA resistance. Blows through level.

100 bar in MA on 4-hour at 1.3160 Traders last week, made a big deal about the 100 bar MA on the 4-hour chart. Whenever the price approached, the sellers entered (see blue circled numbers).  When the price broke above, the price scooted higher. When the price headed back below in the early hours of trading Copyright 2015 Forexlive.com