200 day MA and 38.2% retracement
The GBPUSD broke above the 200 day MA and the 38.2% in the last hour but could not sustain the rally. It is trying a second time. Traders will give it a shot but a failure might be the last try for the day.
The corrections off the peaks have been contained and show buying on dips, but the bulls still need to make a break above key resistance to take more control and keep the shorts nervous. Can the buyers push the pair higher? It's time.
