July 17, 2020 at 07:34PM
The low today could not fall below the 38.2% retracement
The GBPUSD bottomed in the NY session just above the 38.2% at 1.2509. In an earlier post, I outlined how the pair needed to get back below that MA level and stay below. It could not. The sellers turned back to buyers.
Author: https://www.forexlive.com/technical-analysis/!/gbpusd-moves-back-above-the-100-hour-ma-and-trades-near-the-days-highs-20200717 Selected by SYFX+