GBPUSD retraces higher to the 200 hour moving average

200 hour moving average at 1.25718. 100 hour moving average at 1.25837
In the Asian session, that 200 hour moving average was broken, tilting the bias more to the downside. The low for the day did stall ahead of its 38.2% retracement target at 1.25092. Recall from Tuesday's trade the price stalled near that level, before breaking below