The USD moved lower but has reversed those declines ...Middle East

GBPUSD: The high price for the GBPUSD moved up to test the highs for the day at 1.3475 which was just short of the high price for the day at 1.34755. The price is currently trading at 1.3448 off of that high level. The key level on the downside remains the 200 bar movie average on the four hour chart. That level comes in at 1.34345. The low of a swing level comes in at 1.3423. The low for the weekend the low from May 29 comes in near 1.3413. The price remains within a neutral area below 1.34729 and above the 200 bar movie average on the four hour chart at 1.34345.

This article was written by Greg Michalowski at www.forexlive.com.

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