Moving back toward the MA resistance area
The GBPUSD is wandering higher and in the process has moved back up to the topside resistance area defined by the 61.8% and 200 bar MA on the 4-hour chart (at 1.2493) and then the 100 day MA at 1.24055. The pair found sellers during the London morning session and fell off on the back of comments that EU was looking to be tough on the UK Brexit negotiations. The pair bottomed near the 50% at 1.23387 and started to recover.