GBPUSD falls to new lows. Below the week’s 50% midpoint

Technical Analysis

Sellers eyeing the 100 hour MA?

 

The 50% is now a close intraday risk level now.

On more downside momentum the price would start to catch up with the rising 100 hour MA.  That MA comes in at 1.31364 and moving higher.  There is a swing area just above at 1.3142 to 1.3147.  I would expect that patient buyers would be interested in buying against those levels. 

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