GBPUSD stretches to a new high but running into 100/200 hour MA and retracement

GBPUSD hits new high at 1.25232 but meets resistance at 100/200 hour MAs and 38.2% retracement level at 1.25255

The GBPUSD has once again stretched higher after a brief correction and printed a new high at 1.25232, but once again is finding risk-focused sellers against the 100/200 hour MAs and the 38.2% of the move down from the March 2024 high. Those levels come near 1.25255.