Forex technical analysis: GBPUSD back below a cluster of MAs




Can it stay below finally, the GBPUSD is making new session lows and in the process is to make another game to move away from the 100 and 200 hour MAs and the 100 bar MA on the 4 hour chart. All of them come from the 1.3194-96 area.

The price has been below those MA on 3 other zones bars (this is the 4th). The high on this bar remained below the cluster. So the sellers are trying to make a big push.
With the other 3 trials, and 3 other fails on the break, can you wait for a 4th?
Perhaps, but holding the level on this zone of the bar is can be an indication that sellers are «safer» now . Put another way, «It’s now or never». The risk is of those MAs. Stay below and the bears are in control. To pass over, and the sellers are not showing that they can keep control of it.
PS the EURGBP has the bottom near the low of the previous day. The modest rebound is to help make pressure on the GBPUSD a few.



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