Name: Sellers in the GBPUSD test two moving average levels . Key for both buyer and sellers.
Uploaded: 2024-06-13T16:30:44.000Z
Description: The 100 hour MA and the 100 bar MA on the 4-hour chart are being tested

Sellers in the GBPUSD test two moving average levels . Key for both buyer and sellers.

The 100 hour MA and the 100 bar MA on the 4-hour chart are being tested

The GBPUSD is trading to a new session low, and in the process is testing the key 100-day moving average and 100-bar moving average on the 4-hour chart (it is dipping below the level now).

A break below the level would tilt the technical bias more to the downside, with the low price from Tuesday at 1.27048 and the low price from Monday near 1.2686 as the next key targets.

Recall from Monday's trading, the low price stalled just ahead of a swing area between 1.26748 and 1.26858. That area has been a floor going back to mid-May. The buying against the level on Monday started the rotation higher this week.

GBPUSD tests/breaks 100 bar MAs. Seller in control