Breaks above MA lines. Stops triggered
The GBPUSD has been marching higher since the US data showed PCE inflation was less than expectations, and just sliced above the 100 bar MA on the 4-hour chart AND the 200 hour MA at the 1.4345-55 area. Stops were triggered and the pair quickly moved up to a high price of 1.4279. The next key target is the 50% of the move down from the March 18 high. That level comes in at 1.4285.