GBPUSD gives up gains. Trade between the 100 and 200 hour MA.

Support at 100 hour MA stalling the fall

The GBPUSD has given up the gains seen in the first half of the trading day. The rise move up to 1.3292. There has been a number of swing levels going back to last week between 1.32835-1.32911.

The fall took the price down to the 100 hour MA at 1.3226. The close from Friday came in at 1.3230. The 200 hour MA is currently at 1.32359. We currently trade between the 100 and 200 hour MA. PS the 50% of the move down from last week's high comes in at 1.32317 -between the levels.

So we trade between the MA neutral levels and back to the very beginning - of the day at least.