Trades below a swing area above and MAs below
The GBPUSD has been chopping up and down today (with the bias a little more up now). However, over the last 4 or so hours, the bias has shifted a little more to the upside, but with a technical ceiling that is limiting the move. That has created an intraday bias between technical support below and technical resistance above.
![Trades below a swing area above and MAs below](http://az705044.vo.msecnd.net/20210505/2021-05-05_5-52-08.jpg)
More specifically, the most recent swing low has found buyers against sideways/intertwining 100/200 hour MAs at 1.3890 to 1.3894.
On the topside, a swing area between 1.3924 to 1.39314 has put a lid on that area (see the red numbered circles)
So the battle is on as the "market" awaits the next shove (with a tilt to the upside now at least).