The Traderszone Network

Published in TZ Latest News 11 May, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD has trouble at MA level again

100 bar MA on 4-hour chart
The GBPUSD pushed up to the 100 bar MA on the 4 hour chart yesterday, and found sellers. It is doing it again today.  On Monday, there was a quick move higher above the line but that was quickly reversed. Needless to say there is a reluctance to move above the MA line.