The GBPUSD has been able to stay above the close from yesterday at the 1.5570 level. The low for the NY session has been as low as 1.5575 and the pair has done a few laps up and down since that low was reached.
The pair is currently testing the 100 hour MA at 1.5619 – the 4th test over the last 4 hours of trading. A move above has additional resistance not far away against the 200 hour MA and the 1.56285 area. In the London morning session, this area was broken but momentum faded. Key area for the pair. I would expect another move away. The question is higher or lower?
