GBPUSD now testing 50 EMA on 15 minute chart

GBPUSD testing 50EMA

The comments from the Chief EU negotiator Barnier led to an earlier rally in the GBP. However, those gains are fast being eroded with price now testing the 50 EMA on the 15 minute chart.

Break below and the next target is at 1.2850. Stay above and the 100 EMA offers the first near term resistance above.