Surges above the 100 and 200 hour MAs now
That was quick.
The GBPUSD shot higher on the back of the UK/German Brexit headlines.
The price has raced above close resisistance and raced above the 200 and 100 hour MA at 1.2905 and 1.2913 levels. The price is also above the gap lower on Friday. The gap has now been filled.
Watch the 200 and 100 hour MAs now for buyers. The market is volatile though as surprise event risk increases liquidity risk as well.
