GBPUSD tests 100 hour MA and trend line on the hourly chart

London traders working toward the close.

The GBPUSD has moved up to test the 100 hour MA and trend line as London traders look to exit for the day. The test has taken the price above the 1.34439 level up to 1.3453, but we are seeing a rotation lower. The price is trading above and below that 1.34439 level (see prior post)

Key area for the GBPUSD on the corrective move higher

What next?

If the price is able to break above, the 1.3479 level and the 200 hour MA at 1.3490 will be eyed.

However, right now, sellers are keeping a lid against the resistance area.

Hold the the ceiling and look for a test at 1.3411 to be a level to eye.