Stalls at November high target. Above 100 day MA.
Yesterday was a break day for the GBPUSD. The price moved above the 100 day MA at 1.2532 (today that MA is lower at 1.25239- see blue line in the chart below). That break was the first time the pair has traded above the 100 day MA since Brexit day on June 24, 2016. Key break. We remain above that MA (it is now key support). That is the bullish news for the pair and rightfully so.
Forex technical analysis: GBPUSD has some bullish and some not so bullish
