GBPUSD wanders toward 100 hour MA

Technical Analysis

Author: Greg Michalowski | gbpusd

Steady rise in the NY session

The GBPUSD continues it's NY session wander higher and in the process is getting closer to a test of the 100 hour MA at 1.30392. The high reached 1.30325 so far today. 

Steady rise in the NY session for the GBPUSD
Below is the look from the hourly chart. The 1.30392 is where the 100 hour MA is found. That  level is near the early session highs from yesterday's trading.  The low today, extended below the swing low from December 26 and the low from yesterday, but could not sustain momentum. That gave the buyers the go-ahead to start the move higher.  
 
GBPUSD on the hourly

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