GBPUSD runs higher. Breaks technical levels along the way

Author: Greg Michalowski | Category: News

The GBPUSD pushed back above the 1.6183 level where the 200 hour MA was found and the move triggered stops and a move  to new day highs.  The trendline that held this morning was broken at 1.6194. Stay above area (to 1.6190) and the bulls remain in control.  Move below and the failure of the  break puts into question the buyers conviction.

Above the next target is the 100 hour MA at the 1.6222 level currently.