July 17, 2020 at 07:34PM
GBPUSD moves back above the 100 hour MA and trades near the day’s highs
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.