The post employment low price is also being retested
The GBPUSD whicch stalled ahead of its 50% retracement of the move down from the September high and above the rising 100 hour moving average, has returned back down toward the lower extreme (at the 100 hour MA). That moving averages currently at 1.3604. The price just reached 1.36102. The swing low going back to September 22 is also in the area at 1.36082.
If the sellers are to take more control getting and staying below the 100 hour moving average will be eyed.
This article was originally published by Forexlive.com. Read the original article here.