50% retracement touched
The GBPUSD is pushing right against the 50% of the move down from the September high at the 1.5382 level (the high just traded 1.5384 as I type). The high yesterday extended to 1.5387 but backed off. Risk is high into the report, but shorts seem to be feeling some pressure.
The 200 day MA and 100 hour MA and 38.2% retracement level looms large on the downside at the 1.5317-19 area.
