Tests 50% retracement
The GBPUSD has moved to a fresh session high and in the process moved above the next key target at the 100 hour MA (at 1.2933). The 50% retracement at 1.29417 is being tested now.
In an earlier report, I commented that the 1.2900 level might be a level to lean against after the run higher.
The price low did stall at 1.2905. That was right at the 100 bar MA on the 5 minute chart (see blue line in the chart below).
