Forex technical analysis: GBPUSD getting hit hard

NY traders not liking the pair
The GBPUSD moved above some key MAs in the London session – 200 bar MA on 4-hour chart, 100 hour MA and 200 hour MA – and the 38.2% of the move down from last weeks highs. Those breaks should have sent the pair higher. It  did for a little, but those breaks failed and we are now taking apart all the gains.