Technical: GBP/USD Finds Solid Support at 100-Hour MA After Pullback

The GBP/USD currency pair on Thursday continued to trade in a highly volatile downward pattern formation before finding support at 1.2434. The currency pair appears to be trading within a descending channel formation in the 60-min chart. The pair now seems to be pinned to the 100-hour moving average line following the late pullback. As a result, the ...     Alert Apr 7, 2023, 6:56am Technical: GBP/USD Finds Solid Support at 100-Hour MA After Pullback The GBP/USD currency pair on Thursday continued to trade in a highly volatile downward pattern formation before finding support at 1.2434. The currency pair appears to be trading within a descending channel formation in the 60-min chart. The pair now seems to be pinned to the 100-hour moving average line following the late pullback. As a result, the ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support