Trades back above the 100 and 200 hour MAs
The GBPUSD continues it's ups and downs.
Yesterday, the price moved above a topside trend line but stalled at the high from Monday. The trend line break failed. The ceiling did not.
Today, the price fell to swing lows from Monday and Tuesday (making a floor), AFTER breaking below an upward sloping trend line. The price is back above that broken trend line. The trend line break failed. The floor did not.
It might be best to take out the trend lines - they did not do their jobs and instead focus on the floor and ceiling and use the MAs which are in the middle as additional bias clues. The pair is just going sideways in a range.
