GBPUSD makes a break for it...

Falls below intraday support...

The GBPUSD is making a mini break to downside. That move took the price below the 100 bar MA on the 5-minute chart. Earlier in the North American session the price held against resistance the 200 bar MA (green line) and 50% (see prior post). The low has tested recent low from the NA session. There is other longer MAs (100/200 hour MA and the 100 bar MA on the 4-hour chart) between 1.3167-77.

A break...yes...sellers feel better but they are about to run into more support.