Squeeze stalls at 200 bar MA 4-hour chart
As per the prior post, the GBPUSD has been stepping higher and that step process has now taken the price to the 200 bar MA on the 4-hour chart. That level comes in at 1.23989. The high just reached 1.23966. I would look for sellers here. The price has had a pretty decent run. The level last held resistance back on Dec 16 and Dec 19. It is near a nice round big figure of 1.2400. In addition the EURGBP just tested its 100 day MA line as well.