Often times before a key economic event or release, if the market is unsure, the buyers and sellers somehow get the price to a neutral area to ride out the storm. The tensions might increase as traders stare each other down, wait for headlines to give a push one way or another. It may look like it is making a break, only to return. I look at the GBPUSD and see that. The pair sits between the 100 and 200 hour MA (blue and green lines in the chart above). The 100 hour MA is at the 1.5174 area. The 200 hour MA is at the 1.5246 area. The low extended below that MA - falling to a low of 1.5164, but quickly rebounded. On ... (full story)