The 200 hour MA and broken trend line looms as a ceiling
The GBPUSD broke below the 200 hour MA and a trend line earlier. at the 1.3194-96 area. The low extended to 1.3154. The price has rebounded back toward the break point at 1.31955-978 (call it 1.3200). The sellers will look toward that area as a ceiling now. The high corrective price has reached 1.3190 off the low so far.
