GBPUSD extends to 100 hour MA and finds sellers on the first look

GBPUSD runs to 100 hour MA and finds sellers

The GBPUSD has moved up to test the 100 hour MA at 1.21361 currently and found sellers. The high for the day reached 1.21354 and backed off a bit. The current price is trading at 1.2128. Him

The move to the upside today has been able to take out resistance between 1.20866 and 1.20989 (see red circles). That area is now risk for bulls/buyers in the short term.

Steve Walker

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