Forex technical analysis: GBPUSD back toward 1.3532

Technical Analysis

Author: Greg Michalowski | gbpusd

Corrective high reaches 1.3522 so far

The GBPUSD did stall around the 100 hour MA (the low reached 1.3493) and the move higher has moved back above the broken trend line on the hourly chart.  The high has reached 1.3522, which is still short of the 1.3532 level I have my eye on. That is the highest high from the post-Brexit correction back in 2016.  We trade at 1.3517.