GBPUSD, EURGBP and GBPJPY have tough levels to get through after strong rallies
I have written about the 1.45000 level in the GBPUSD.
I have written about the tough level at the 0.7814 level in the EURGBP.
The GBPJPY is also facing a tough area of resistance.
Looking at the hourly chart, the pair has surged higher in trading today but is running into a cluster of technical levels that have slowed the rise. The 100 hour MA comes in at 161.427. The 50% of the move down from last Friday's high at 161.529, and the underside of the broken trend line at the 161.63 have slowed the rise (the high stalled at 161.56).
The pair is currently below the 200 hour MA at the 161.217 after the corrective move lower. A move back above that level will now be eyed, if the pair has more gas in the tank today.
