Low stalled at 50% and 100 day MA area.
The GBPUSD is trading at NY/London session highs after the low off the employment report stalled at the 50% and 100 day MA near 1.2980, and the pair has moved back above the 100 hour MA at 1.30154. The pair is looking toward the day high at 1,30428. Reaching that level would complete the down and up lap for the day.
Risk for longs looking for more has to be at the 100 hour MA and swing area at 1.3015 area.
The dollar weakness, lower yields are a bit of a head scratcher. We have ISM non manufacturing data and then a lot of Fed officials speaking. What will they say?
