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Thomson Reuters
Feb 04 - 12:12 PM
GBP/USD - Tests Key 200DMA Support Level Again
First appeared on eFXplus on Feb 04 - 09:30 AM
  • Cable probes for bids circa 1.3042 (200DMA) after breaking below 1.3045
  • 1.3045 was the Ldn am low, after UK construction PMI miss nS8N1XG06W
  • Bids around the 200DMA based GBP/USD losses on three days last week
  • Tuesday, Wednesday and Friday (1.3044 was the traded low on Friday)
  • Cable closed above 200DMA on Jan 25 for the first time since May
  • A clear break below the 200DMA could trigger sell stops nL1N1ZZ04W

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