50% and intraday MA
The GBPUSD is up testing the 100 bar MA and the 50% of the move down today. The level comes in at 1.5248-498. The levels have slowed the rally as traders lean against the area. A move above should trigger stops.
A move lower will look toward getting back below the 1.5237 level (38.2% of the days range). This will bring some relief for the sellers/shorts, and increase the potential for continuing the downward move seen through most of the European session.
