The 100 hour MA and trendline resistance helped put a cap on the GBPUSD today. The levels currently come in at the 1.5879-87. A break above is needed to push the pair higher in trading today.
On the daily chart,
- The 200 day MA at the 1.5843 level will be a key level to eye intraday.
The price moved below this key level on Thursday and Friday, but the dollar selling post US employment hurt downside momentum and the shorts in the cable covered. Of interest today, is the price held above the 1.5843 in early NY trading today. Will this sway a bias? With activity light, traders may pick up on this support floor in trading today.
