Tests 100 bar MA and broken trend line
The GBPUSD just made a run higher and is up testing a break level from earlier in the day at the 200 bar MA on the 4-hour chart and the underside of a broken trend line. If the sellers want to keep control (or traders are looking for a short area), this is the level to hold. The MA is at 1.39497. The trend line is a touch higher.
The trend line has a number of points on the line (see red circles). The price has traded above and below the 200 bar MA over the last few days, but today it matches up with that trend line.
