Moves above the 200 hour MA have been rejected recently.
The GBPUSD has pushed higher and trades at the day’s highs (or near the high). The pair is also pushing against/above the 200 hour MA ( green line in the chart below). The last 2 days have seen the price move above this moving average. The probes are the new as the price has not traded above the 200 hour MA since mid-December. However, each of the looks have been rejected. This is the 4th look above. Will it solicit more buying this time?