GBPUSD holds floor and traders buy. Finds trendline resistance and traders sell

• The GBPUSD held floor support at the 1.6151-59 (see yellow area above).
• When the level could not be broken, the price moved higher.
• The price extended above the 200 hour MA at 1.6183 but found sellers against trendline resistance. Sellers were happy against the level.

Now with the price back below the 200 hour MA the sellers are in control. I break of the floor is the next target to get below now. The low to high trading range is a scant 45 pips. Most action remains in the EURUSD today, but there could be a time for catchup for the pair. Watch 1.6183 on the topside and the floor at 1.6151-59.