Quantcast

Monday morning FX – 23 October 2017 – foreign exchange prices, early indications

Good morning, afternoon or evening & welcome to the start of the new FX week
As is usual for a Monday morning, the caveat! Market liquidity is very thin. Prices can swing around on not too much at all, so take care out there.

The GBPUSD held below 100 week MA last week. Does that lead to downside this week?

Ends the week near Friday high and 100 hour MA
On Monday last week the GBPUSD toyed with the 100 week MA at the 1.3300 level. The high reached 1.3311 but being a weekly MA, the level was more of a barometer for bullish above and bearish below (which is…