There was minor stall at the 1.3000 level, but the next stops are being triggered above the 200 day MA
The GBPUSD stalled at the first test of the 1.3000 level and just below the 200 day MA at 1.3004, but after about 30 minutes, that shallow dip (fell to 1.2984) reversed and shot higher. We now trade at 1.3016 and shorts are feeling more pain. The squeeze/trend continues.
Looking at the daily chart the price moved above the 50% at 1.29947 and the 200 day MA at 1.3004. The 61.8% comes in at 1.30465 and is the next target on more squeeze.
