GBPUSD’s run to the upside stalled after break of the 200 hour MA failed.

GBPUSD’s 200 hour MA comes in at 1.31636.GBPUSD failed on the break below the 200 hour MA.The  GBPUSD  for the 2nd day in a row, tried to extend above its 200 hour MA (green line) but found willing sellers . The MA comes in at 1.31636. The high yesterday reached 1.31818. Today the high reached 1.31694 and reversed back to the downside.

The 100 hour MA comes in at 1.3127. A move below that level should increase the tilt to the downside again with a break below 1.3109 giving sellers more confidence as buyers and sellers fight in this pair.

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