GBPUSD moved higher yesterday and tested the 50% midpoint of the November trading range ...Middle East

The GBPUSD moved higher yesterday helped by the USD selling but once the price stretched to the 50% midpoint of the November trading range, the buyers started to shift to sellers and the price wandered lower into the close. That level comes in at 1.27669. The high price going back to mid-November was just above that level at 1.2769.That area will be a key barometer on the topside through the US jobs report in the US session tomorrow. Get above and the pair would next target the 200 bar MA on the 4-hour chart at 1.27933, and then the. KEY 200 day is in play at 1.28291. A move above the 200 day MA would be a big step for the buyers and the bullish bias. Having said that, the price action i

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GBPUSD moved higher yesterday and tested the 50% midpoint of the November trading range ...Middle East

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