GBPUSD trades near midrange of recent move and 200 hour MA
We know the 100 hour MA above at 1.24848 attracted sellers
The GBPUSD has chopped up and down in trading today.
What can be gleaned from the chart is that the 100 hour moving average (blue line in the chart above) is a solid ceiling. That moving average comes in at 1.24848. Two separate highs today stalled at 1.24826 and 1.24802
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