The fall today started after waffle above and below the MA in the Asian session
The GBPUSD - after some waffling above and below the 200 hour MA - fell to the swing area defined by swing highs going back to Feb 20-25. Since reaching that low and finding some profit takers against the level, the pair has been stepping higher. First slowly, then with more momentum over the last few hours.
The pair has returned to the point of the drop against the 200 hour MA at 1.3178.
Another lean level for traders where risk can be defined and limited.
