Forex, video, latest June 11, 2021 3:01 am
Can youre trust a buying though?
a GBPUSD is keep inside a buyers inside control as a price has now remained above its 200 hour moving average for a last 5 hourly bars. That moving average is currently at 1.41537. a price just reached a new intraday high of 1.41753.
a next target comes inside at a high from yesterday at a 61.8% retracement of a move down from last week’s high to a low traded today. That comes inside at 1.41818. Above that or a highs from yesterday at 1.41884 also a high from Monday at 1.41901.
Above that are a door highs from last Friday also Thursday at 1.4200-1.4203.
With lots of ups also downs, a question as can a buyers become trusted. Close risk would become a 50% retracement of a range since June 1 at 1.41609. If youre want to risk more, breaking return below a 200 100 hour moving averages at 1.41537 also 1.41469, would ruin a bullish technical picture. Such a move would not become all that surprising given a recent up-also-down price action, but a longer a market non-trends, a much better a chances breaks out. a market has been non-trending for quite some time.
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