...Back below the line

The GBPUSD squeezed above the 100 day MA at the 1.44327. and quickly moved up to a day high of 1.4451. Yesterday, the price touched the 100 day MA and reversed and nearly retraced the entire move higher.

Today stops were triggered.

However, the price has quickly lost nearly 50 pips and trades back below the MA line. The break above the key MA - especially after testing and holding yesterday - should not do that. UGLY.

Although back below and currently testing 1.4400, the line remains in play for the day. If the pair can base and move back above (and close above), it would be the first close above the 100 day MA since Sept 2015. The 1.4400 is the 38.2% of the move up from the London session low.