GBPUSD holds below the 100 hour MA

The GBPUSD technical picture is pretty simple and little changed from earlier.

• The price held the 100 hour MA (blue line).
• The price broke through the 100 hour MA.
• The price is staying below the 100 hour MA.

Of course coming into the minutes a wiggle here or there could push the price back above, but what happens after will be of more concern to the market.

News that keeps the market offered targets the 1.5951, the 200 hour MA at 1.5931, the 61.8% at the 1.5925 and trendline support at 1.59107.

On the topside, the 1.59769 followed by the 1.6003/09 are the targets.