GBPUSD is the big mover today, and moves toward swing area/MA target

As the day works toward the close, the GBPUSD is one of the biggest movers of the major currencies. The lower yields are helping. So are technical breaks.

In this video, I outline the technical breaks and the next targets including the falling 200-bar moving average on the 4-hour chart at 1.23703. A swing area is also being approached at 1.22614 – 1.22758. If the buyers are to take more control they need to get above those levels going forward.

This article was written by Greg Michalowski at Source