GBPUSD falls below 200 hour MA

Head and shoulder neckline approached...

The GBPUSD has moved below the 200 hour MA at 1.2589 after testing it yesterday and again today. The price is also testing the 50% of the move up from the end of November low at 1.2579. The neckline of a head and shoulder is being approached at the 1.25707 level. The underside of a broken trend line is below that level is at 1.2564.