Stretches above 100 hour MA. Can it stay above that MA (1.2700 level) and crack overhead resistance
The GBPUSD has just stretched to a new session high and in the process has moved above the 1.12700 level and the 100 hour MA (at the same level).
Technically, the lows this week have continued to find buyers against the swing area going back earlier in the month (green circles). On the topside, there is another swing area at 1.2724-313 (something about 1.2727). That is the next target if the market can base off the 1.2700 area now and keep the intraday bullish run going today.
