Underside of trend line too. Above 100 hour MA.
The GBPUSD has moved to a new session high and in the process is testing the 38.2% of the move down from the high last week at 1.26018 and the swing high from Monday at 1.2605. The pair did move above the 100 hour MA at 1.25925 and is doing it's best to stay above the level. If it can stay above, more upside can be expected with the 50% at 1.26316 the next target.
On the downside, if the 100 hour MA does not hold, a rotation back toward the 1.25689-71 will be eyed. That area is a key bias level for bulls and bears now after a number so swing lows and highs over the last few days. Stay above more bullish. Move below, more bearish.
