GBPUSD bounces off 100 hour MA/38.2% retracement. Works toward high for the day (and key swing level).
The ups and downs continue…
The GBPUSD moved lower and in the process cracked below the swing highs from November 11 and November 18 at 1.3309 to 1.33116. defined by the 38.2% at 1.32856 and the 100 hour moving average just above that level at 1.3288. In addition, an upward sloping trendline cut across in the area (so really 3 support targets
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