GBPUSD retests the 200 hour MA. Key level for buyers and sellers.

  • Buyers continue to push the pair higher. The 200 hour MA was tested on Friday and found willing sellers.
GBPUSD
GBPUSD technicals

The GBPUSD is continuing to push higher, breaking above its 100-hour moving average (blue line on the chart above) and swing level which are both at 1.3257.

The momentum to the upside has continued to the 200-hour moving average at 1.32837. That moving average was tested on Friday's trade, but found willing sellers after a failed break above fizzled quickly.

Move above the 200-hour moving average would give the buyers more control with a high price from Friday's trade at 1.3223 the next target.

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