Helps GBPUSD
The EURGBP was wandering higher over the last hour or so of trading. The price approach the 100 bar moving average on the 5 minute chart, and all of the sudden the price tumbled lower.
The move has the GBPUSD moving higher and back above the key 100 day MA at the 1.5484 level.
Looking at the daily chart of the EURGBP, the pair is now moving below the broken 38.2% at the 0.73655. The low for October comes in at 0.7331. The lower trend line comes in at 0.7320.
