The GBPUSD moved above the 100 and 200 day MA at 1.5826/1.5822 but could no sustain the momentum. The price was trying to hold above the 100 bar MA but that level has given way on the 5 minute chart (see above). The next target is the 200 bar MA and 50% of the days range at the 1.5783. Below that level, the 50% of the years trading range at 1.57659.
