{"id":1450,"date":"2021-06-24T10:13:27","date_gmt":"2021-06-24T13:13:27","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1450"},"modified":"2021-06-24T10:13:30","modified_gmt":"2021-06-24T13:13:30","slug":"gbpusd-trades-above-and-below-100-hour-ma-after-post-boe-move-lower","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/24\/gbpusd-trades-above-and-below-100-hour-ma-after-post-boe-move-lower\/","title":{"rendered":"GBPUSD trades above and below 100 hour MA after post BOE move lower"},"content":{"rendered":"\n

Back below 100 day MA again<\/h2>\n\n\n\n

The GBPUSD has\u00a0seen the price move higher over the last three trading days. That move\u00a0higher took the price back above its 100 hour moving average (currently at 1.3908), the\u00a0100 day moving average (currently at 1.3945) and\u00a0even reached the 200 hour moving average (green line).\u00a0<\/p>\n\n\n\n


The\u00a0moves above the 200 hour moving average both yesterday and again today,\u00a0should’ve solicited more buying, but\u00a0in reality, the momentum was a very limited. There were three hourly bars today that moved above the level, but\u00a0quickly failed (with no closes above the 200 hour moving average level).<\/p>\n\n\n\n

\"Back<\/figure>\n\n\n\n

Ahead of the Bank of England decision, the\u00a0100 day moving average at 1.39545,\u00a0had stalled the falls.\u00a0\u00a0The pair was confined in trading and waiting for the next shove.<\/p>\n\n\n\n


Post BOE, the\u00a0price cracked below that hundred day moving average level and tumbled to and through the\u00a0100 hour moving average 1.39082.\u00a0\u00a0<\/p>\n\n\n\n


The\u00a0low price reached 1.38897 which was\u00a0between a modest swing area going back to last week (see red numbered circles).\u00a0 The\u00a0price has rebounded back above the 100 hour moving average and is\u00a0trading between the 100 day moving average above at 1.3945 and the 100 hour moving average below at 1.3908. The\u00a0current price is at 1.3927 (as I type).\u00a0\u00a0
<\/p>\n\n\n\n

Between the levels, and buyers and sellers are in a battle. A move below the 100 hour moving average, and the bias tilts more to the downside\u00a0with 1.3886 as the next target to get through. Below that is a swing area between 1.38535 and 1.38616 (see green numbered circles). That level defines the\u00a0lower extreme area down to the June 21 low at 1.37856 (from Monday). Get below and traders will start to think toward making another run at the low (which is the\u00a0lowest level since April 16).\u00a0<\/p>\n\n\n\n


On a\u00a0move toward the 100 day moving average, I would\u00a0expect sellers to lean against that level (risk is\u00a0defined and limited), with stops on a break above.<\/p>\n\n\n\n

\u00a0\u00a0
A move above would be\u00a0more bullish, but the\u00a0price action over the last two days shows that it will take a\u00a0momentum move above the 200 hour moving average. Sellers\u00a0have been more comfortable selling near that moving average level versus buying.\u00a0\u00a0<\/p>\n\n\n\n

Source:https:\/\/www.forexlive.com\/technical-analysis\/!\/gbpusd-trades-above-and-below-100-hour-ma-after-post-boe-move-lower-20210624<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Back below 100 day MA again The GBPUSD has\u00a0seen the price move higher over the last three trading days. That move\u00a0higher took the price back above its 100 hour moving average (currently at 1.3908), the\u00a0100 day moving average (currently at 1.3945) and\u00a0even reached the 200 hour moving average (green line).\u00a0 The\u00a0moves above the 200 hour […]<\/p>\n","protected":false},"author":2,"featured_media":1040,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1450"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1450\/revisions"}],"predecessor-version":[{"id":1451,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1450\/revisions\/1451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1040"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}