Intraday sellers show up against resistance area
The GBPUSD has seen lots of ups and downs in trading today however,
That action has the sellers more in control. If the buyers are to take control, they need to get the price above the 50% and the 200 bar MA at 1.2178 now. Since that level just held, I would expect a move above would be a concern for the sellers. Ultimately a move above the 100 hour MA at 1.21867 will also need to be breached.
Forex technical analysis: GBPUSD moves up and down but sellers in control
