Impacting GBPUSD
The EURGBP has moved below the 200 hour MA and now a lower trend line at the 0.7831 and 0.7812 levels respectively.
That is helping the GBPUSD recover up to test the 100 hour MA currently. The level come in at 1.3943. The high just reached 1.3945.
Meanwhile, over in the EURUSD, the weakness in the EURGBP has that pair more pressured.
So the tail (i.e. the EURGBP) is wagging the dog a bit in the last hour or so of trading. The 100 hour MA in the GBPUSD may slow that tail down a bit. Watch the 1.0874 level in the EURUSD as well. That is the broken trend line level on EURUSD 4 hour chart (see prior post).