But price moves back higher to test the 200 hour MA

The GBPUSD's initial move was to the downside after May's Brexit defeat.

The low reached to 1.26663 but has since moved back higher.

The price is currently testing the 200 hour MA at 1.27638. Staying above would have traders scrambling with the 100 hour MA at 1.28118 the next step.

So far, the price is having some pause at the area.