GBPUSD remains between 100 and 200 hour MAs

Technical Analysis

Author: Greg Michalowski | gbpusd

Support buyers stall at the 200 hour MA

The GBPUSD moved lower on May comments but stalled at the 200 hour MA.  The price is pushing higher now and looks to test the 200 hour MA at 1.28843. The 100 day MA is at 1.28902.  A break above the 100 hour and 100 day would add to bullish bias.  A break below the 200 hour MA and 50% would be more bearish technically. 

Support buyers stall at the 200 hour MA

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