GBPUSD extends to new session highs (and back above 100 day MA). Backs off resistance.

Trend line/50% in play as well

The GBPUSD moved to a new session high and in the process moved back above the 200 day MA at 1.31009. The price moved to 1.31086. That was near the 50% of the move down from the September 20 high. A trend line from recent highs cuts across from 1.31137.

Today, support was tested (100, 200 hour MA and 50%) and now the topside resistance area is being tested. The battle goes on.