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GBPUSD looks back toward 100 day MA (and finds support buyers) after the 50% retracement stalls the rally

July 02, 2020 at 02:46PM

GBPUSD looks back toward 100 day MA (and finds support buyers) after the 50% retracement stalls the rally
Pair trades between 50% retracement above and 100  day MA below.
The GBPUSD has settled in with resistance up at the 50% of the trading range since June 10. That level comes in at 1.25313. The high price today reached 1.25293.

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