Technical Analysis

GBPUSD moves above 100 hour MA

Seeing more buying

The GBPUSD reached the 100 hour MA target at 1.30985 and extended above the level as there is a squeeze on Brexit hope.  PM May is apparently on her way to Strasbourg for “further deal making talks” with EU officials. The market is liking that progress.

The pair has a topside trend line and 38.2% at 1.31083 area.  

Meanwhile, the EURGBP is helping to keep the GBPUSD bid. It trades back down toward Friday low levels.  

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