GBPUSD moves higher on the back BOE Forbes comments

Need more evidence to cut rates

The GBPUSD how up on the back of comments from BOE Forbes BOE needs more evidence to cut rates. She added that Brexit is not a "Lehman moment" in an interview with The Telegraph.

Technically, the price pushed up toward the 100 hour MA (blue line in the chart above) at the 1.3226 level. The 38.2% is also in that area at 1.3322. The high price just peaked at 1.3226.

Traders are leaning against the resistance level.

A move back above that MA would be more bullish for the pair and open the door for a move toward the 50% of the move down from the July 15 low to the low reached in trading today (see chart below) The high from yesterday was also at that level.