Forex technical analysis: GBPUSD moves toward 200 hour MA

50% also in the buyers radar

The GBPUSD is moving closer to the 200 hour MA at 1.29015 AND the 50% retracement at 1.29076. Typically, that combination stalls a move toward it on the first test. Be aware. There should be some profit taking against the area (1.2901-1.2907), with stops on a break.

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