GBPUSD moves down to test 100 hour MA on Brexit headlines

No closer than March? Ouch. That's not encouraging.

The GBPUSD has moved lower on the recent Brexit headlines (Here. Here or Here)

The price has moved back down to test the 100 hour MA at 1.31257 (blue line). The price moved below that MA earlier in the day and failed. The next tests found buyers near the level before rising toward the 100 day MA above at 1.31611.

The MA has held so far despite the less than positive comments. However, the sellers near the 100 day MA has me worried. A break below the 100 hour MA should solicit sellers. A move higher will need to see a break of the 100 day MA to turn the tide to the upside (shorts cover).