GBPUSD soared. The EURUSD rose. Price between 100 and 200 hour MAs now
The positive Brexit headlines sent the GBPUSD soaring to the upside. The EURUSD also moved higher, only at a slower pace. Lets's say the EURUSD rose after the positive Brexit headlines.
Technically, the pair cracked above a broken trend line at 1.1605, and the 100 hour MA (blue line) at 1.16132. Those levels are now risk for longs/buyers. Stay above is more bullish. Move back below and the waters are more muddy for the pair on the ups and downs.
On the topside, the price moved to the 200 hour MA at 1.16393 and stalled. For now, traders are taking profit /selling against the 200 hour MA. However, the break above the aforementioned trend line and the 100 hour MA should provide support.
The price moved above a key resistance area, but is having some reservations at the 200 hour MA. A battle is underway waiting for the next push.