100 day MA at 1.4353 area
The GBPUSD has moved lower after the better than expected US retail sales data. The pair has moved down to test the 100 day MA at the the 1.43537 level. The low came in at 1.43585 so far.
The move lower has also broken below the 50% of the move up from the April low at the 1.43866. This will be eyed as close risk now on a correction. Look for sellers against this level on corrections.
On Monday the 100 day MA was also tested and held. This is the 2nd test. The dip/profit taking buyers have pushed the price up to 1.4380 so far. Watching the risk at 1.43866 area to hold.
