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GBPUSD is the big mover today, and moves toward swing area/MA target

October 23, 2023 by admin 0 Comments

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As the day works toward the close, the GBPUSD is one of the biggest movers of the major currencies. The lower yields are helping. So are technical breaks.

In this video, I outline the technical breaks and the next targets including the falling 200-bar moving average on the 4-hour chart at 1.23703. A swing area is also being approached at 1.22614 – 1.22758. If the buyers are to take more control they need to get above those levels going forward.

This article was originally published by Forexlive.com. Read the original article here.