GBPUSD runs higher and moves toward key target resistance

  • Falling 200 bar MA on the 4 hour chart and high of swing area approached at 1.1452 to 1.1459

The GBPUSD moved to a new session high and closer to some key technical resistance. That resistance is between 1.1404 1.1459. Also a within that area is the falling 200 bar moving average on the 4 hour chart at 1.14524. The high price just reached 1.1433. That took out the London morning session high at 1.14285.

I would expect risk focused traders against the MA and topside of swing area on a test with stops on a break above.

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