The GBPUSD is continuing to push higher, breaking above its 100-hour moving average (blue line on the chart above) and swing level which are both at 1.3257.
The momentum to the upside has continued to the 200-hour moving average at 1.32837. That moving average was tested on Friday’s trade, but found willing sellers after a failed break above fizzled quickly.
Move above the 200-hour moving average would give the buyers more control with a high price from Friday’s trade at 1.3223 the next target.
This article was written by Greg Michalowski at www.forexlive.com.
