Key level for bias today
The GBPUSD is testing the 100 hour MA once again. Key level for bias today after yesterday's test and bounce (the pair bounced of the 100 and 200 hour MA yesterday). The MA is higher today and moving away from the 200 hour MA.
Earlier today, the pair moved higher and tested the high from yesterday/the week, but fell back lower. Today the Service PMI came out at 54.9 vs 54.5 estimate. The composite PMI was higher at 55.4 vs 53.6 estimate.
