The 100 day MA snuffed out the buyers enthusiasm…
…and contributed to the sharp move back down
The GBPUSD pair saw the price move above the high prices over the last two weeks at 1.3887 and 1.38912. The pair also moved above the 1.3900 level on it’s way to a high at 1.39123. That high, however, ran into its 100 day moving average at 1.39124.
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September 14, 2021 at 08:17AM