Looks toward the 200 bar MA on 4 hour chart
The GBPUSD is pushing higher (dollar is moving lower across the board) after the US data. The pair broke above the 100 hour moving average of 1.41499 earlier in the day. The next key target comes in against the 200 bar moving average on the four-hour chart at 1.42168.
The pair move sharply lower into Thursday last week - moving from a high on March 18 of 1.4513 to a low of 1.4057 (on Thursday March 25). There is bunch of overhead resistance at 1.4231 (38.2%), 100 bar MA on 4-hour at 1.4244 and the 200 hour MA at 1.4254. Look for sellers in that region.
Testing the 200 bar MA on 4-hour chart currently.
