GBPUSD keeps a bearish bias with the 100/200 hour MAs stalling the rally (again)

<p>The GBPUSD is trading up and down today, but the move to the upside today stalled near the 100/200 hour MAs near 1.2154 area. Recall, that area stalled the rally on Wednesday as well. </p><p>The subsequent fall, in the US afternoon session, has taken the price back toward the swing area near 1.2105 and 1.21109. Earlier today, that area stalled the fall on 2 separate occasions.</p><p>In this video, I outline the above levels along with what needs to be done to increase the bearish bias (with downside targets) or what would shift the bias back to the upside.</p>

This article was written by Greg Michalowski at www.forexlive.com.