200 hour MA below
The GBPUSD has broken below a trend line on the hourly chart at 1.3166 now. The price fall has moved to a low of 1.3136. At the low, the price stalled against the 100 hour MA. That currently comes in at 1.31402 (and rising).
Can support hold?
ON a break, the 200 hour MA is still hurdle as is the 38.2% of move up from the low last week. Those levels come in at 1.31249 and 1.31149 respectively.
The break below the trend line will now be an upside hurdle if the buyers here, turn the beat around.
