News 

GBPUSD moves back toward 100 day MA

“The GBPUSD’s move higher his continuing with the pair approaching its 100 day MA. The price of the GBPUSD was bid up into the London 4 PM fixing” reports forexlive.com. The move has taken the price back above the 50% of the 2019 range at 1.2834, above last week’s low and 100 hour MA at 1.2852 and is now looking toward the 100 day MA at 1.2879. The low this week stalled at a lower trend line yesterday. Source: forexlive.com

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GBP News 

GBP/USD triangle is closing, where will it break to?

“Pound/dollar is trading in narrowing wedge, or triangle, as shown by the thick black lines on the four-hour chart” writes Yohay’s Google Profile for forexcrunch.com. However, real or “whisper” projections are probably higher after the ADP NFP for private sector jobs beat expectations.Official expectations stand on a modest gain of 165K in January, half of the previous increase which was outstanding. Source: forexcrunch.com

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News 

GBPUSD tilts lower for a bit, but sell off is modest. Buyers and sellers battling.

“The price of the GBPUSD tried to tilt a bit lower after running above the 100 hour MA (blue line) target and the 50% retracement earlier in the day” reports forexlive.com. The high price did stall at the December 5 swing low.After the sharp run higher, a retracement is not surprising and the price did move back below the 50% and the 100 hour MA.  However, the correction has been modest and there is a risk that the break fails. Source: forexlive.com

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News 

GBPUSD trades to new session lows on no-confidence vote rumblings.

“Looking at the hourly chart, the 1.2468 is a lower trend line with a number of tests including the low from yesterday” reports forexlive.com. Earlier the price on the pair fell back below a broken trend line which turned the bias back to the downside ( Earlier the price on the pair fell back below a broken trend line which turned the bias back to the downside ( see post here ). Source: forexlive.com

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News 

GBPUSD moves to new session highs of the day

“Can the price stay above the 200 hour MA this time for an extended run?” reports forexlive.com. The GBPUSD is moving to new session highs and in the process moved back above its 200 hour MA. That is more bullish but not that the last 5 trading days has seen the price move above that MA level at some points during the day, but each failed after relatively short periods of times (at least this week). Source: forexlive.com

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