It took some time, but buyers pushed
The GBPUSD has made a break for it.
This is the 4th attempt (SEE PRIOR POST) and the break was a bit slow to happen, but the traders have made a push higher and away from the 200 hour MA at the 1.4256.
The pair trades at new session highs. The high from yesterday and an old trend line cuts across at 1.4309/11 area. This is the next target. Above that, the 1.4351-63 area represents swing lows and highs going back to mid Jan. The 38.2% of the move down from the Dec 24 high comes in at 1.4408.
As mentioned, this is the 4th break above the 200 hour MA over the last few days (the price had not been above the 200 hour MA since mid-December). Traders will be looking for something more this time.
