...a little
Let's not get all that excited as activity is light, but the rally in the GBPUSD has found some sellers/profit taking against its 100 hour MA at 1.31699. The price moved above that MA in the London morning session but could not sustain the rally, and we are seeing a rotation lower.
Drilling to the 5 minute chart, the pair has been trending higher today, staying above its 100 hour MA (blue line at 1.31384 currently). That is bullish.
The price is back down retesting that MA line. Will the buyers come in against the level now. Key intraday support/test area for the pair right now..... A move below targets the lower trend line at 1,.31225 and the 200 bar MA at 1.31135.
