The GBPUSD trades below the 100 hour MA at 1.2816. A move above would be more bullish technically with the 200 hour MA at 1.28756 and a ceiling at the 1.2883 another bullish hurdle to get above.
On the downside, the floor at 1.2771-76 was broken with an extension to 1.2764 as London/European traders exited for the day. That break failed. A move back below will target the low from last week at 1.2722. The lows for the year come in at 1.26947 and 1.26612.
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