GBPUSD has been buying and selling above/under the 100D MA suggestive of market on the lookout for a shove.

The GBPUSD moved above the 100 day MA for the primary time since November 2024 on Thursday of final week. The final 5 buying and selling days has seen the value commerce above and under that MA suggestive of a market that isn’t certain of the subsequent “shove” (greater or decrease).

Having mentioned that, on the dips there have been assist patrons ner the damaged 38.2% of the transfer down from the September 2024 excessive to the low reached in January 2025. That degree is available in close to 1.2607. The holding of the retracement on Monday and once more on Tuesday saved the patrons extra in management – not less than within the brief and medium time period.

As I sort, the pair is transferring to a brand new excessive and is testing the Monday excessive at 1.2690. The patrons are making a play. Can they preserve the momentum going?

The shut danger is the 100 day MA now. I might anticipate that if the shopping for slows once more, and the value strikes again under the 100 day MA, that might be very disappointing to the patrons and result in a swing within the momentum.

This text was written by Emma Wang at www.ubaidahsan.com.



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