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Analysis News: Forex technical analysis: GBPUSD trades back below 100 day MA Trades in an up and down narrow range Cable is trading up and down today in a narrow 62 pip trading range. The 22 day average range is 89 pips. The price action has taken the price below the low from yesterday during the London morning session. That low reached 1.12840. The low yesterday reached 1.2846. The low today was the lowest level since July 12th and took the price below the 100 day MA at 1.28598, trend line support at the same level and the 61.8% of the move up from the June low at 1.2847. The problem? Like yesterday, the momentum faded. Sellers were forced to buy back and the move back above the cluster of support. After a move to an intraday high at 1.2902 (around the 1.2900 natural resitance level), we are back down trying to push below the technical levels again. This is the 3rd time. Will it be the charm? Or will it fail and find the dip buyers again. The bias is more negative below the level, but it has to get and and stay below the lows and show more bearish love.....Targets if it finds the love include 1.2812 (low from July) and 1.2768 Forex Signals Website: http://www.forexsignals.es/ Signal Performance USDCHF Entry Point: Sell at 0.9612 Take Profit: 0.9581 Stop Loss: 0.9653 Date: 11-08-2017 Status: Close USDJPY Entry Point: Sell at 129.12 Take Profit: 128.81 Stop Loss: 129.53 Date: 11-08-2017 Status: Close GBPUSD Entry Point: Buy at 1.2965 Take Profit: 1.2996 Stop Loss: 1.2924 Date: 11-08-2017 Status: Close EURUSD Entry Point: Buy at 1.1785 Take Profit: 1.1816 Stop Loss: 1.1744 Date: 11-08-2017 Status: Close ---------------------------------------- Forex Signals