Tests the 200 hour MA. Need a break and stay above.
The GBPUSD is up on the day (closed at 1.4777)...again, but is staring at the 200 hour MA at the 1.47877 level (green line in the chart below). If the price is to go higher, it need to get and stay above this MA level. PS the 50% level is at the closing price level. Key test for the GBPUSD and the buyers. Can they push it through and keep the momentum going?
